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10 Apr 2013
Forex Flash: Levels 100.00+ in USD/JPY only a short matter of time - NAB
FXstreet.com (Barcelona) - The yen selling mania continues to show little sign of receding, and after some retracement in Europe, the USD/JPY is again back above the 99.00 handle.
According to NAB: "Though it is notable that the dip back below ¥99 in late Sydney trade yesterday, on a combination of profit taking and perhaps too some ‘safe haven’ support on reports North Korea was readying to fire another missile, has not received any follow-through. Levels above ¥100 continue to look like only a (short) matter of time away."
According to NAB: "Though it is notable that the dip back below ¥99 in late Sydney trade yesterday, on a combination of profit taking and perhaps too some ‘safe haven’ support on reports North Korea was readying to fire another missile, has not received any follow-through. Levels above ¥100 continue to look like only a (short) matter of time away."