Daily Forex Market by FXCC 20Feb2012 USD/JPY has rallied above the October 31st post-intervention high as Japan posts record trade deficit USD/JPY has rallied above the October 31st post-intervention high of 79.52 in early Asia, extending to a 6-month high of 79.82 after closing the Friday NY session at 79.48, last quoted at 79.70. The seventeen nation shared common currency has jumped to as high as 1.3176 at the weekly opening from 1.3155 late Friday in NY, market sentiment is ‘risk-on’ lifting Read more [...]

Daily Forex Market by FXCC 21Feb2012 USD/JPY eyeing the critical psychological level of 80.00 The yen advanced 0.4 percent versus Europe’s common currency to 105.09 as of 9:00 a.m. in Tokyo. The dollar climbed 0.3 percent to $ 1.3206 per euro. The U.S. currency was little changed at 79.58 yen. USD/JPY could be in consolidation mode just below the 79.90 zone, which is the recent 6-month high recorded during Monday’s Asian session. EUR/JPY was weaker at the start of trading on Tuesday. Last seen Read more [...]

Daily Forex Market by FXCC 16Feb2012 Aussie enjoys 50 pip spike versus greenback on excellent employment data. The seventeen nation shared currency lost 0.1 percent to $ 1.3059 as of 8:00 a.m. in Tokyo from yesterday in New York, when it slid to $ 1.3044, the lowest level witnessed since Feb. 6. The euro dropped 0.1 percent to 102.39 yen. The dollar fell 0.1 percent to 78.39 yen. The Aussie declined 0.1 percent to $ 1.0689 and retreated 0.1 percent to 83.79 yen. GBP/JPY traded in range between Read more [...]

Daily Forex Market by FXCC 14Feb2012 Yen Drops to Three-Month Low as Bank of Japan Boosts Stimulus.. Major currency pair and cross currency pair analysis: The euro traded at $ 1.3127 as of 8:30 a.m. in Tokyo from $ 1.3134 in New York yesterday, when it fell to as low as $ 1.3080, the weakest since Feb. 6. The common currency fetched 102.99 yen from 103.02. The dollar bought 78.46 yen from 78.44 yesterday, when it rose 1.1 percent. The euro has lost 4.8 percent in the past six months, the second-worst Read more [...]

Daily Forex Market by FXCC 13Feb2012 EUR/USD spikes as Greek Parliament began counting 'austerity deal' votes The euro rose 0.3 percent to $ 1.3239 as of 8:00 a.m. in Tokyo from last week's close in New York. The shared common currency gained 0.4 percent to 102.81 yen. The dollar fetched 77.66 yen from 77.61. USD/JPY opened the Asian session with a downside gap open of 77.54 on Monday, but then climbed to an early high of 77.66, recovering the early gap and Friday’s modest losses. EURUSD spiked Read more [...]