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11 Mar 2013
Forex: USD/JPY falls again to the opening price near 96.00
The USD/JPY is failed its attempt at extend the upside again after peaking at 96.20 just ahead of the NY opening and allowing a down move back towards the opening price of 96.04 and the 96.00 mark, by going as low as 96.02.
This month's BoJ meeting minutes will be published at 23:50 GMT and investors might be very interested. Also out will be Japan's BSI Large Manufacturing, Domestic Corporate Goods Price Index and Tertiary Industry Index.
Both 3 and 6-month debt auctions in the US saw average yields falling slightly, from 0.11% to 0.095% and from 0.12% to 0.115%, respectively.
“Friday's impulsive rise reached local peak at 96.60 and current pullback is a corrective one, preceding next wave upwards, to 97.60”, wrote Deltastock.com analyst Stoyan Mihaylov, pointing to initial support at 95.10, followed by the major hurdle at 94.50.
This month's BoJ meeting minutes will be published at 23:50 GMT and investors might be very interested. Also out will be Japan's BSI Large Manufacturing, Domestic Corporate Goods Price Index and Tertiary Industry Index.
Both 3 and 6-month debt auctions in the US saw average yields falling slightly, from 0.11% to 0.095% and from 0.12% to 0.115%, respectively.
“Friday's impulsive rise reached local peak at 96.60 and current pullback is a corrective one, preceding next wave upwards, to 97.60”, wrote Deltastock.com analyst Stoyan Mihaylov, pointing to initial support at 95.10, followed by the major hurdle at 94.50.