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14.02.2011 09:43

Asian session: The euro fell

The euro fell for a second day against the yen on speculation European finance ministers meeting today and tomorrow will struggle to agree on debt- reduction targets amid concern the region’s crisis will persist.
The single currency dropped as Portugal’s 10-year bond yields remained near an 11-year high after European Union officials failed this month to agree on expanding aid to the most indebted nations. 
The yen rose from near a five-week low against the dollar on speculation Japanese exporters took advantage of its recent weakness. 
New Zealand’s dollar fell after retail sales declined.
New Zealand’s currency fell for a fourth day versus the dollar as the retail sales’ report added to signs of a recession in the second half of 2010.
Retail sales fell 1.1 percent in December from the previous month, when they rose a revised 1.2 percent, Statistics New Zealand said today in Wellington.

 

EUR/USD: the pair bargained within the limits of $1.3500-$ 1.3550.
GBP/USD: the pair become stronger in around $1.6050. 
USD/JPY: the pair decreased in around Y83.10.


At  1000GMT, the EMU December industrial output data is released, followed  at 1100GMT by the EMU December OECD leading indicator.

14.02.2011 09:40

Tech on USD/JPY

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