International Forex Inforamtion

Yen and dollar turns sideway in early US session after strong rally earlier today. With no important economic data from US scheduled, some sideway trading might be seen in the currency markets in US session. But after all, further rally in dollar and yen is expected in general. Recovery in US stocks at the open is so far mildly and did nothing to change the near term bearish view. Falling commodity prices are providing additional support to dollar and yen. And the next main focus will be on Crude Oil Inventory report which could trigger volatility in oil and thus stocks and currencies indirectly.