Forex Daily Outlook August 16, 2010

Forex Daily Outlook August 16, 2010Happy Monday Traders!EXPECT THE UNEXPECTED. We're seeing a lot of headlines out of Japan over the past 24 hours in regards to the current strength of the yen. With the Japanese preliminary GDP q/q coming in much worse than expected, .1% vs. .6%, and with the Nikkei opening down 1.2% this morning, we're looking for further risk aversion and for a continued