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Apr 8, 2013

Forex: EUR/JPY leaves 125.50-128.00 weekly supply behind

The astounding rise in the EUR/JPY continues its course, and after last week's more than 5% gains, the exchange rate has made a new fresh high not seen since early January 2010.

Forex: USD/JPY stalls below almost 4-year highs 98.85

USD/JPY is currently correcting to 98.38 last from fresh session and almost 4-year highs at 98.85. The pair opened the week in Asia-Pacific with a gap higher from previous weekly close Friday around 97.54, few pips off previous multi-month highs, on the back of “reports that BOJ to start accelerating bond purchases,” said IFRMarkets, what caused “triggering stops.”