USD/JPY rises as European players enter market buying pair after strong Asian stock performance.
If the Japanese economy is mounting a rebound in the face of a wider global slowdown, we could see continued outperformance in the JPY.
The euro's direction seems slightly unclear at the moment and players will likely wait for further results before moving either direction.
US economy is still not out of the woods because the service sector remains vulnerable.
AUD/USD creating consolidation base around 0.90, will try to spike in medium-term though sharp.
Australian employment figures today will be one to watch, as the market needs some reassurance that all is still well in this part of the world, after sharp falls in business and consumer confidence surveys.
Bank of England's quarterly inflation report was released today and it assumes an additional 75bps of monetary easing between now and Q4.
If the Japanese economy is mounting a rebound in the face of a wider global slowdown, we could see continued outperformance in the JPY.
The euro's direction seems slightly unclear at the moment and players will likely wait for further results before moving either direction.
US economy is still not out of the woods because the service sector remains vulnerable.
AUD/USD creating consolidation base around 0.90, will try to spike in medium-term though sharp.
Australian employment figures today will be one to watch, as the market needs some reassurance that all is still well in this part of the world, after sharp falls in business and consumer confidence surveys.
Bank of England's quarterly inflation report was released today and it assumes an additional 75bps of monetary easing between now and Q4.
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