Wednesday, April 15, 2009

Comments dealers on the current situation

Tenders were opened on the yen at around Y99.83/132.48 after consolidating in the range Y99.44/100.42 and Y132.10/134.43. Yen recovered slightly after falling on Monday, against a background of weak data on retail sales in the United States. An interim authority to Y99.50 holes quickly, which led to the fall to Y99.17, then this level has also been passed and is now a pair of dollar / yen traded in 98.44. Trades on Euro opened at around $ 1.3271 after consolidating in the range of $ 1.3261/1.3380. Euro passed the positions taken by them on Monday, with the downward trend that began in the U.S. session, to continue in the morning in Asia, where the couple fell to $ 1.3226 area, despite the constant talk about the growing demand on the decline. Reducing the euro has increased because of falling stock markets as a result of bad U.S. data on retail sales. However, by mid-afternoon in Tokyo, the euro recovered to $ 1.3240.

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