Tuesday 27 September 2011

USD/JPY Aalmost Unchanged As E.Z. Debt Fears Persist

The current debt crisis in U.S. investors in the euro area, remains concerned about the demand for shelter support against the yen Tuesday, remained almost constant.

USD / JPY 0.03% up to a beating, and then consolidated at 76.36 the pair, the daily high, 76.55 hit in early European trade.

Double 76.96, Sept. 22, including high, low 76.94 on August 18 and resistance is likely to find support.

Market sentiment in the euro zone leaders of euro fund emergency area; consider ways to strengthen the European financial stability, which was supported by speculation.

Monday, a senior politicians EFSF EUR440 million from the European Central Bank provides more money than the European Central Bank, can be used as collateral for the debt, he said.

However, extending the role of investors, then one week before the vote EFSF steps kaldı.Gerekli attention can be applied to extend the functionality of previous measures of the money must be approved by all governments in the block.

Also Tuesday, the Japanese government, a strong yen on the economy of the country wants to take a step forward in reducing the impact of restructuring costs and an additional budget to fund said it intends to take measures before the end of the year.

Meanwhile, the yen, 0.18% for JPY / EUR, slowly, with slightly higher against the yen managed to 103.18.

Later in the day, Richard Fisher, a member of the U.S. Open Market raporuFederal also discussed consumer confidence, would be free.

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