Last Week's Gradually Firming Yen

The Dollar is down heading into the new trading week, as a result of speculative selling. The coming week will contain, however, plenty of fundamental news for traders to mull over. Tomorrow will be Chairman Greenspan's 2 nd- to-last FOMC meeting, with rates widely expected to rise another .25% to 4.25%. When/if the Fed moves tomorrow, it will be the lucky 13 th consecutive rise, and the real story will be found in the language of the post-meeting commentary. Read More....