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20 Feb 2013
Forex: USD/JPY prints fresh weekly lows above 93.10
USD/JPY continues printing lower session lows, last trading at 93.21, off fresh session lows at 93.13, down -0.51% so far for the Asia-Pacific, retracing from initial highs at intraday double 93.83 highs following worse than expected Japan trade deficit, despite increase in exports.
The succession of Japanese authorities making public statements seems to be never ending, with today's BoJ's Morimoto first, then followed by FinMin Amari, both with something to say about the Yen, or either reinforcing inflation targets. Nikkei index is still in the positive though, up +0.70% for the day so far, near closing time, around the 11450 points mark, while local share markets over all show gains, but Hang-Seng which is down by -0.11%.
Immediate support to the downside for USD/JPY lies at recent session lows 93.13, followed by Feb 07 lows at 93.07, and Feb 13 lows at 92.82. To the upside, closest resistance comes at yesterday's London session lows 93.35, followed by Feb 08/13/14/15/session's highs at 93.74/84, and Feb 06 highs at 94.07.
The succession of Japanese authorities making public statements seems to be never ending, with today's BoJ's Morimoto first, then followed by FinMin Amari, both with something to say about the Yen, or either reinforcing inflation targets. Nikkei index is still in the positive though, up +0.70% for the day so far, near closing time, around the 11450 points mark, while local share markets over all show gains, but Hang-Seng which is down by -0.11%.
Immediate support to the downside for USD/JPY lies at recent session lows 93.13, followed by Feb 07 lows at 93.07, and Feb 13 lows at 92.82. To the upside, closest resistance comes at yesterday's London session lows 93.35, followed by Feb 08/13/14/15/session's highs at 93.74/84, and Feb 06 highs at 94.07.