U.S. Dollar Trading Higher Against Yen

The U.S. Dollar is trading higher against the Japanese Yen during the mid-morning U.S. session going into the weekend. The USD/JPY thus far has traded as high as 79.403 and backed off as it the 200 day moving average.

The U.S. Dollar is stronger against the Euro and the British Pound as well.

Readers can gain exposure not only through the FOREX market but also through ETFs like the Power Shares DB US Dollar Index Bullish Trust (UUP, quote) that seeks track the price and yield performance, before fees and expenses, of the Deutsche Bank Long US Dollar Futures index. The index is comprised solely of long futures contracts. The futures contract is designed to replicate the performance of being long the US Dollar against the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc.

 

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