FXstreet.com (Barcelona) - G-20 has approved $1 trillion Dollars to rescue crisis nations and initially, global markets rose by the IFM deal to provide additional funds to boost economic growth, but the confidence sentiment was faded on focus on Non Farm payrolls data bad expectations. Pound reaches above yesterday's high; USD/JPY attempts prices above 100.00
USD/JPY has risen 0,30% from the 99.70 opening price, with around 70 pips last hour, to test the 100.00 level again. Currently, the pair is trading around 99.90/100.00.
The Pound has posted a 100 pip bounce from levels around 1.4650, reaching to levels right above yesterday's high at 1.4775 level after rising 0.35% on the day. EUR/USD is trading below 1.3450 after falling 0.20% on the day from 1.3473.
According to Tatsuya Kawanichi, Junior Adviser at FXstreet.com, G20 pledged $1 trillion to boost economic growth, worst of the crisis looks behind: U.S. durable goods orders grew first in 7 months and U.K. housing price increased first in 17 months. Yen crosses has driven USD/JPY once again to break above 100.00 level.EUR/USD got back above 1.3400. High yield currencies tend to appreciate against the low yield currencies. Worst of the downturn looks behind, doesn't it? Well we stay sharp as usual Today the expectation of U.s. unemployment rate is 8.5% worst in 26 years and NFP -658K.