Wednesday, July 27, 2011

USD/JPY posts a fresh 4mth low at 77.66

By Joe Brown� || July 27, 2011 at 06:23 GMT
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No signs of any intervention, but some reiteration overnight from Japan?s Fin Min Noda that the MOF is watching the FX moves closely.

Hearing talk of option barriers at 50 pip intervals down from 77.50 with stops set under each level on a break of them.

Bids currently lying 77.60/65 just waiting to be filled?

Source: http://feedproxy.google.com/~r/forexlive-rss/~3/W56zq-yCQU8/

Euro Dollar Market Trading Foreign Exchange

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