US dollar falling out of favour

Craig Erlam, Senior Analyst at OANDA talks US economy. The Fed over the last few couple of years has given itself a stage in which it doesn’t need to pick things up too fast because it’s been raising rates. Due to the higher interest’s rates in comparison to other central banks, the Fed can afford to be slightly more patient. The dollar is falling out of favour as there will be far more movement in, for example the ECB, the BOE and even the BOJ. Craig Erlam discusses USD/JPY. Recently the 110 key support was breached,& we now seen it trading well below that level . Craig Erlam is keeping a close eye on this as he predicts a break out soon to the downside again.