Saturday, 1 December 2012

USD/JPY May Remain Firm; Japan CPI In Focus-Dealer


The USD/JPY may remain firm in a 81.90-82.40 range with focus on Japan's CPI data due later as some Japanese politicians are likely to call for more aggressive BOJ easing if figures are low, says a senior dealer at a major Japanese bank. The USD/JPY is at 82.12. The EUR/USD may trade in a 1.2950-1.3000 range, the dealer says, adding the pair's downside has been supported by the uncoiling of short positions. The pair is at 1.2976. He tips the EUR/JPY in a 106.10-107.10 band; the cross is at 106.55.

Share/Bookmark Find us on Google+

No comments:

Post a Comment