USD/JPY continues to slide

Market news

5 May 2011

USD/JPY continues to slide

USD/JPY weakened to a channel line from Apr 08 on Y79.60 before recovered to current Y79.84. Yen rises after the Japanese FinMin is reported as saying that current FX moves different from time of G7 intervention in March. Support seen into Y79.50, more at Y79.35/30 with stronger interest noted at the March 18 low of Y78.83.

ECB: Leaves rates unchanged at 1.25%

UK: BOE MPC leaves QE unchanged at stg200bln; rate unchanged at 0.5%

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.