Forex: USD/JPY briefly dips below 93.00

The USD/JPY tumbled at the beginning of the New York session and lost over 120 pips from highs after a G7 official said the statement was misinterpreted as it signaled concern about excess moves in the yen. Earlier, the statement had been interpreted as an acceptance of further weakness in the Japanese currency.

USD/JPY briefly dipped below the 93.00 mark to hit a low of 92.94 before finding support and recovering slightly. At time of writing, USD/JPY is trading around 93.20, 1.1% below its opening price, having hit a 33-month high of 94.44 late Monday.

Feb 12, 2013

Forex Flash: S&P affirms stable outlook for Ireland – Deutsche Bank

According to Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank, it was recently reported that banks in the EU may need to comply with liquidity coverage rules sooner than in other parts of the globe – Ireland, which holds the rotating presidency of the EU, is pressing for an agreement to have the rule take full effect on January 1, 2018, a year ahead of a deadline set just last month by global central bank chiefs.

Forex: EUR/USD in fresh highs around 1.3465/75

The single currency continues to push higher on Tuesday, now retracing some pips after hitting fresh 3-day highs in the vicinity of 1.3475, against a context of increasing risk appetite...