EUR/USD and USD/JPY Await Yellen Testimony Near Breakout Levels

DailyFX

Talking Points:

- EURUSD and GBPUSD test breakout levels.

- USDJPY holding key 101.75 support.

- Watch for 'buy the rumor, sell the news.'

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The EURUSD and USDJPY are vulnerable for reversals if the Fed Chair's testimony today 'disappoints' building expectations.

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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