DislikedSydney March 19. The Chinese
decision to raise rates 27bps in a bid to control inflation and growth at the
weekend has resulted in a stronger JPY and softer commodity currencies in early
trading. The USD/JPY closed in NY around 116.70 and has traded down to 116.31,
the EUR/JPY closed at 155.40 and has tested 154.91, while the EUR/USD opened
around 1.3237 and dipped to 1.3205.
The AUD closed in NY at 0.7963 and has traded in a 0.7932/50 range and the Kiwi
closed at 0.6975 and has seen 0.6944/65.
The response of the Asian equity and commodity markets to the Chinese rate rise
will be the key for the currencies in Asia todayIgnored
Do you have DRT website address? I'd like to check out the daily analysis of GBP/PY from his website.