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Mar 7, 2013
Forex: USD/JPY struggling with the 94.00 round while Nikkei clears 12k mark ahead of BoJ
With Nikkei index closing yesterday up +2.13% at fresh 4-year highs above the 11900 points, USD/JPY is trading slightly below the 94.00 round mark, last at 93.93, off fresh weekly and 7-day highs at 94.12, ahead of BoJ monetary policy statement expected to come out later than 03:00 GMT. The pair is up +0.68% since previous Asia-Pacific open yesterday, and +0.38% for the week, while Nikkei index opens in Tokyo now above the key 12k points mark, highest since Sept 2008, up +0.78% for the day.
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Mar 7, 2013
Forex Flash: ECB to be a non-event; Euro negative at the margin - Societe Generale
The ECB will not only leave rates on hold but also, it will offer no much in terms of headlines in the post press conference by Mario Dragui, says Kit Juckes, head of currency strategy at Societe Generale.
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