Spot Forex: Latest Headlines
Posted 7/30/2010 9:58:00 AM [USD/JPY] enjoys a relief rally of sorts of 20/25 points after the
much firmer than forecast Chicago PMI of 62.3 (vs 57.1 median, 53.6
rumour). This is a very short market, but if we fail to get a sustained
86.50-plus move in the near-term and then the Michigan disappoints, the
headline could yet return to the 85's before the week is out. Stops
remain touted below 85.80 Copyright © 2010, Informa Global Markets
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