Saturday, August 1, 2009

Forex: USD/JPY collapses to 94.50

Forex: USD/JPY collapses to 94.50


Fxstreet.com (Barcelona) – USD/JPY has fallen around 100 pips in the last hour to trade below 95.00 level and post 94.48 as fresh intra-day low. Pair has continued, thus, with its rejection movement from 95.85 in the European session.

Currently the pair is trading around 94.70/80, 0.85% below today's opening price.

Valeria Bednarik, collaborator at FXstreet.com, comments that .Dollar fell against European rivals with Euro quoting above 1.4160 level and Gbp again regaining 1.6500. Stocks remain positive, yet Japanese Yen continues appreciating after failing to break above yesterday’s 95.88 against greenback, reaching an intraday low of 95.10."
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)