The dollar hit is highest level in 2 ½ years against the Japanese yen to a high of 87.81, with Japan returning to the markets after a long Japanese New Year’s holiday.Gold prices fell and the EUR/USD hit a 3-week low during Asian trade as the FOMC meeting minutes showed rising concern among policymakers about the risks that the Fed’s policy of buying bonds to boost economic growth may have. The minutes raised the possibility that a there may be a shift in monetary policy and that QE may come to an end before the end of 2013. Later on today, U.S. nonfarm payrolls are due which are expected to show the economy added 150k jobs in December.
EUR/USD
The pair looks like it will go ahead and test the 1.3000 support level. A break of this level should take it to 1.2955 and possibly 1.2930. Any ticks higher should be considered a selling opportunity.
EUR/USD H4" title="EUR/USD H4" width="768" height="496">
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Japanese Yen Falls Further
Published 01/04/2013, 05:44 AM
Updated 04/25/2018, 04:40 AM
Japanese Yen Falls Further
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