The Japanese yen still remain as the weakest currency against other major currencies this week. The USD/JPY now clime up to nearly 105, some analyst expect to up 110 in 2014. On the other hand, dollar is starting to feel some pressure against European majors as both EUR/USD and GBP/USD are trying to strengthen with some momentum. The markets would continue to be thin ahead of the weekend, considering that we'll have another holiday shortened week next week. But in such thin trading conditions, we'd possibly see larger than usual volatility. In particular, attention will be on 1.3810 and 1.6484 near term resistance in EUR/USD and GBP/USD.
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