Thursday, January 28, 2010

Yen move 95

Look for USD/JPY to push higher towards Y95 in one month, says Trader. Notes JPY is weakening after both the slightly-hawkish FOMC statement as well as the latest disappointing retail sales from Japan showing a 0.3% fall on the year last month - the 16th consecutive month of contraction. The pair is now at Y90.38.

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