Asian Session - BoJ Holds & Jpy Gains
Market Brief The Usd was broadly weaker in Asian sessions causing traders to brace themselves for a data heavy day as risk aversion moved back into the market. EurUsd after a short retreat, trended upwards from 1.5882 to 1.5954 while AudUsd broke easily thru 0.9737 intraday resistance heading to 0.9772 new highs. UsdJpy slipped to 105.70 as concerns over credit market losses damped risk appetite. As expected, Jpy funded carry trades were also sold off. Worries in credit markets are currently...
7/15/2008 10:31:44 AM
FXstreet.com: Fundamental: Fundamental Market View
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