Market Moving News: USD/JPY - Mar 19

By IBTimes Staff Reporter | March 19 2010 1:41 AM

USD/JPY - 90.48.. An interesting report fm Reuters (which matched with our recent updates) saying Japanese life insurers (plus municipal accounts also) have bids placed near 90.00 this week to unwind their hedge positions in foreign bonds as they forecast U.S. interest rates may rise soon. For now, unless dlr can clear indicated resting offers by Japanese exporters at 90.80-00, price may be stuck inside 90.00-90.80 range b4 prospect of further rise next week. Trade the range n buy dlr near the lower end then take profit twd the upper band.

Sponsorship Link

Eurozone Reports Increased Trade Surplus

Eurozone Reports Increased Trade Surplus

Eurozone GDP Puts Euro Under Pressure

Eurozone GDP Puts Euro Under Pressure

ZEW Results Weigh on Euro

ZEW Results Weigh on Euro

EU Confidence Could Be the Financial Crisis' Worst Casualty

EU Confidence Could Be the Financial Crisis' Worst Casualty

In Depth

The West Bank Wall: What Life Is Like For Palestinians And Israelis Divided By The Barrier

Life For Palestinians And Israelis Divided By West Bank Wall

Journeys In Jaffna, Sri Lanka, 4 Years After The Civil War’s Bloody Conclusion

Inside Northern Sri Lanka 4 Years After Civil War

Drones: Which Countries Have Them For Surveillance And Military Operations? (MAP)

Where In The World Are The Military Drones? [MAP]

Warped Magazine Editing Fee: Pay-To-Play ‘Scam’ Targeting Unwitting Punk Bands, According To Facebook And Reddit Users

Punk Bands: Would You Pay $45 To Be In A Mag You’ve Never Heard Of?

web counter