Nothing of note has been reported from the Tokyo fix and with no new momentum, JPY crosses have slipped back to their NY closing levels. Dealers say that interest has been very light this morning and that is encouraging day-traders to close their positions and book their profits as the prospect of significant volatility looks slim.
JPY crosses drift lower as no new buying emerges
Source: www.forexlive.com
- Tags:
- All
Read more...
The Forex Week Ahead: Cable To Snap?
Weekly Trade Plans on the majors show separation between the pairs; cable and aussie long, euro, swissy and cad to range trade, and buyers coming into the ... See all stories on this...
There will be a slight intermission…
We’re changing over our servers this afternoon so the site will load more quickly…the site may be down over the next hour or so…please bear with...
EUR/GBP support still in place
Important technical support at .8490 held firm overnight despite a marginal break below. Stubborn longs should now consider reducing or scrapping their positions on a clean break below .8475 as there is daylight until .8200/50 and market chatter is that there are some big stops on the .84 handle....
National Bank of Poland Keeps Rate at 4.50%
The Narodowy Bank Polski‘s Monetary Policy Council kept the benchmark 7-day interest rate unchanged at 4.50%. The Bank...
New York forex wrap-up; Risk equaled reward, for a time
US weekly jobless claims fall to 601,000 , -24,000 US retail sales rise 0.5%, ex-autos rise 0.5%. Gasoline price rise impacts IMF raises 2010 GDP outlook for the US to 2.4% from 1.9% French official: Keeping eye on currency market; volatility hurting economy Volcker: No practical alternative to the...