Intraday Market Thoughts

Archived IMT (2010.01.06)

by Ashraf Laidi
Jan 6, 2010 10:32

Yen drops across as Japanese PM Hatoyama accepts the resignation of Finance Minister Fujii (due to poor health), lifting USDJPY back to 92.40s. GBPUSD hits the $1.5945 target before briefly rebounding towards $1.6060s only to come back down below $1.60. Expect a retest of $1.5940s, before the next emerging support at $1.5890. Check out our Global Economic Calendar for a list of actual and scheduled releases Better than expected ADP report from the US today could boost USDJPY back to 93.20.


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