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Forex News | Currency News by Forexlive

Nikkei opens -0.6%

JPY crosses are slipping a little as traders book profit on longs taken before the slew of economic data. Overall though the market remains very quiet.

By   || October 1, 2009 at 00:11 GMT
Category: All, Asia, Mkt News || Tags: , , || 0 comments || Add comment

Japan’s big manufactures see USD/JPY rising somewhat

Perhaps a bit of wishful thinking on their part and as we know, the market does what it can to stuff the most people! That’s Murphy’s law. Nevertheless, a survey of the big manufacturers see USD/JPY averaging 94.50 for FY 2009/2010. This would mean that USD/JPY would have to stop falling and allow the 200-day MA to stabilise and flatten out around that level.

By   || October 1, 2009 at 00:00 GMT
Category: All, Asia || Tags: , || 0 comments || Add comment

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