Forex: Can Aso comments take EURJPY through 129.00?

FXstreet.com (Barcelona) - EUR/JPY tracking higher during Asia trade, up 55 pips at 128.72 after Finance minister Aso commented “Nobody opposed Japanese policies” at the G20 conference.

Dropping down to the 60min chart, a move above 129.00 (the 9dma) opens the door to 129.70 (1 hour chart resistance). Above 129.70 would put the old highs of 131.10 in focus. First support sits at 128.50 (previous resistance, now support on 30min chart), followed by 128.10 (demand candle on 30min chart).

Apr 19, 2013

Forex: USD/JPY sprints to session highs 98.70 on Aso's comments at the G-20

USD/JPY has spiked to the upside last at fresh session and weekly highs 98.69 from session lows at 98.10, on the back of Japan Fin Min Aso comments at the G20 meeting saying “no-one opposed Japan’s policies” at the meeting, and that “IMF's Lagarde applauded Japan's monetary policy,” ForexLive editor Eamonn Sheridan reported. The pair is up +0.30% for the session, while Nikkei index is +0.61%.

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Apr 19, 2013

Forex Flash: Further downside potential in gold short term - Nomura

Nomura continues to argue that for Gold to find a bottom, "we need to see ETF holdings head higher before calling the low, as this has not yet occurred there could be further downside potential in the short term" Nomura notes.

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