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10 Sep 2013

Flash: USD/JPY at interm 100.00 cap - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that the overnight central bank event left USD/JPY unaffected.

Key Quotes

“BOJ MPC minutes released this morning did not cause any ripples and the pair may remain buoyed the JPY-crosses as positive risk appetite remains sanguine.”

“In the near term, we remain in a buy-dips stance for the pair with 100.00 an interim cap while the 55-day MA (98.83) is expected to provide support below the 99.00 threshold.”
Sep 10, 2013

Russia makes bid to defuse Syrian tensions

President Barack Obama, in an ongoing battle to boost support for military action against Syria, said on Monday that Russia's offer to work with Damascus to put its chemical weapons under international control could be a big deal - if it is serious.
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Sep 10, 2013

GBP/USD with 1.5700 intact, is there scope for move higher?

The GBP/USD foreign exchange rate has shown resilience at the 1.5700 level Tuesday, unable to waiver too far in either direction as the pair gravitates towards this region.
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