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13 Mar 2013

Australia: Westpac Consumer Confidence (Mar): 2% vs 7.7%

Mar 13, 2013

Forex: USD/JPY capped below 96.00

Moments before Tokyo opens, with Nikkei index closing yesterday in the negative following another fresh 4.5-year high above the 11400 points mark, USD/JPY is last at 95.91, slightly below starting weekly price. The pair retraces from yesterday's Asian session fresh 3.5-year high at 96.70, ready for next BoJ chief Kuroda to step into office coming March 20.

Forex: EUR/JPY, some downside risk after 126.00 failure

EUR/JPY is entering into a consolidative phase, with the Euro facing serious troubles to extend further up as area of strong supply starting at 126.00 up to 128.00 continues to stall the advance in the pair.