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12 Feb 2013

Business leaders in Japan not demanding a specific Yen level, says Amari

According to headlines crossing the wires, Japan’s Economy Minister Mr. Amari has said to reporters in Tokyo that after a meeting with business leaders, there was no implicit request for any specific Yen level. USD/JPY continues to consolidates above 94.05, new 2.5 year high, with current quote at 94.25 after topping out at 94.45.
Feb 12, 2013

Forex: AUD/USD prints fresh 3-month lows below 1.0250

As news of a 5.1 earthquake in North Korea was crossing the wires minutes ago, Aussie was slipping lower to just have printed fresh 3-month lows at 1.0241, last at 1.0246 off those lows. The pair loses -0.76% already for the week so far on continued Aussie weakness, despite positive NAB business confidence released in early Asian trade.
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Feb 12, 2013

Forex Flash: After a 5-wave pattern down, GBP/USD due for 2nd wave recovery? - JPMorgan

According to JPMorgan FX strategist Niall O'Connor, "the breakout of a several years-long triangle consolidation to the downside in Cable is a strong indication of what´s to come in the coming weeks and months..."
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