Buy EUR/JPY at 108.40
www.fxbom.com
06:45 PM
Signal EUR/JPY
- BUY EUR/JPY @ 108.40
- TP 109.20
- SL not set
- June 30, 2010. 05:07 PM : Close not hit TP +60.
Save sentiment Yen Strengthens Against Euro
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04:11 PM
In the pair trading the EUR/JPY European session this afternoon (29-06) was observed to move the Euro weakened against the Japanese yen and in the range of 108.25.
Euro forex investors are still less attractive than the Japanese Yen, along with the signal indicating a slowing global recovery process.
It is characterized by lack of commitment to the leadership of the G20 countries to reduce investor interest in the budget of the save haven assets are still strong and likely to boost demand for Japanese yen.
Speculation Against Sterling, Coming BOE Data Released
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02:44 PM
Was observed to weaken the pound sterling foreign exchange trading GBP/JPY and in the range of 133.86. Weakening of this currency movement is a response to the news which will be released.
The news release dispekulasikan signaled it will show the existence of macroeconomic performance degradation which is marked by the adverse developments extending credit to consumers in the UK.
Bank of England on this afternoon (29-06) will announce the planned indicators of the actual data values the Net Lending to individuals m / m, which is expected to be improved to 0.9B from the previous period value that is equal to 0.4B.
Stronger Yen, Slowing Fears Of Global Economic Recovery
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11:10 AM
In currency trading the Asian session today (29-06), seen through the strengthening of the Yen against the U.S. Dollar. Pair USD/JPY is currently engaged in the range of 88.97.
This morning has been released preliminary data of Japan Industrial Production in May 2010 period, which where recorded decreased 0.1% compared to the previous period increased 1.3%.CB Consumer Confidence tonight America is also expected to decrease, so that the current demand for safe haven such as the yen is rising.
Sterling Continued to Ctrengthen, The Expectation, Abner BoE Interest Rate
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10:06 AM
In currency trading the Asian session today (29-06), Sterling currency is still seen moving narrowly against U.S. Dollar. GBP/USD is currently engaged in the range of 1.5100.
Compared to other currencies, like Euro and Aussie, Sterling performance last couple to perform better. That caused by interest rate expectations will Abner made by BoE (Bank of England) next month. One of the BoE member Andrew Sentance said that he proposes to start raising interest rates gradually.
