During today's trading with USD / JPY is trading almost at the same place. This is probably due to the fact that last weekend elections in France and Greece have led to increased demand for safe assets amid increasing concerns over European debt crisis.
In early European trading the USD / JPY touched the mark of 79.65 - the lowest since May 1, losing 0.01%. Currently trades are conducted at the level of 79.84. As a support and resistance in the medium term are considered 79.35 (minimum 20 February) and 80.59 (a maximum of 1 May).
Strengthen the fears of investors have contributed to the news from Greece. According to the results of exit polls, pre-term parliamentary elections leading center-right, whereas none of the parties supporting the austerity measures, failed to win enough votes to form a majority government. Investors fear that this, in turn, could lead to a revision of the Government of the conditions of the loan.
Meanwhile, the presidential election ended with the defeat of France, Nicolas Sarkozy, who lost the presidential candidate of the Socialist Party, Francois Hollande.
Meanwhile, in Japan, was published minutes of the meeting of the Bank of Japan. It was noted that the economic situation in the country is on the mend. However, the number of Japanese leaders expressed concern that the uncertainty in global economic outlook, along with deflation a threat to economic growth. The size of the basic interest rate was left unchanged.
The yen, meanwhile, has strengthened its positions against the euro: the pair EUR / JPY lost 0.53%, and slipped to a mark of 103.94.
Today, the euro zone investor confidence indicator published by Sentix, which allows you to assess the state of financial markets over the past six months, and will be released the statistics on industrial orders in Germany.
0 Comments:
Speak up your mind
Tell us what you're thinking... !