Archived IMT (2009.03.18)

Although US stocks are down, watchers of currency mkts and risk appetite keep an eye on JP Morgan stock (considered as one of the few leaders for banking sector) as it tests key resistance at 24.00 A break above 24.00 to see 28 as it's strong signal of confidence for other banking shares and financials, as well as for rest of the index. US equities to end on the positive side as after the FOMC decision, further boosting EURUSD into 1.3190, but not enough for yen weakness to boost USDJPY back above 98.50.