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Mar 8, 2013
Forex: USD/JPY at mid 95's levels in preparation for US NFP
A big weight got off USD/JPY shoulders on ECB Draghi's speech yesterday, where he gave an upbeat and confident indication that Eurozone's economy will recover. A new “risk-on” mood gave strength for a move towards 95.00 yesterday, and today's Asian session pushed further to 95.44 high.
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Mar 8, 2013
Forex Flash: Overnight movements in wake of USD strength – UBS
The USD/JPY continued its advance overnight after finally breaking above 95.00 on Thursday. Rising US yields helped it on its way, and the 10-year US treasury yield now finds itself back above 2.0% for the first time in two weeks. Yield support led to more broad-based dollar strength too: Cable traded back below 1.5000 again despite Thursday's unchanged policy decision from the Bank of England.
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