Forex Education Trading Strategies : Dollar Awaiting Bernanke's Direction

In New York trading Monday, the dollar was lower against most major currencies, but higher against the pound and the Australian dollar. Investors were unwilling to take any large bets before tomorrow of Japan interest rate decision meeting. We hope that the Federation to reduce rates 25 basis points and to reassure the market of Japan remains concerned about the risk of inflation and reduction in response to an increased risk of recession. The loan crisis should be resolved by reducing the discount rate.