USD/JPY under pressure

Market news

3 June 2011

USD/JPY under pressure

Extends lows to Y80.53, but reported strong demand in the area between Y80.55/50, with talk that stops positioned on a break below of are decent size. A break here to open a deeper move toward Y80.35/30. Further demand seen between Y80.15/00 with larger stops noted sub Y80.00. Resistance Y81.00, strengthening toward Y81.20 with stops above.

Before the bell:

US: UNEMP RATE 9.1% V 9.0% IN APR

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.