Once again trading in Asia is witness to a weakening yen and dollar, as the recent trend in selling both currencies continues. EUR/USD pushed to a 1.4647 high today in Asia, 5 pips shy of NY’s 1.4652 high which represented a 9 month high in the pair. The Euro also surged against the yen as EUR/JPY topped out near 133.30, culminating a 2 big figure mover higher that began yesterday in Asia. Short covering propped the USD/JPY higher to 91.20, pulling the pair off of an earlier NY seven month low of 90.20. Full text »
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