Spot Forex: Latest Headlines
Posted 7/30/2010 10:08:00 AM Three sets of very decent US data (includes Milwaukee) inspires
[USD/JPY] even higher, which can be no great surprise. This remains a
very short market, under pressure for most of the latter part of the week.
We do not rule out further corrective activity towards 87.00/20, although
we suspect the Dow would have to turn positive to inspire such a one Jpy
plus recovery. The Dow is still 30 points or so in the red and near-term,
it still looks a good sell into 87.00/20 Copyright © 2010, Informa Global Markets
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