Forex: EUR/USD in highs around 1.3065/70

The single currency is printing fresh intraday highs in the vicinity of 1.3070 after French CPI came in short of expectations during February, rising 0.3% on a monthly basis and 1.2% over the last twelve months. In the opposite direction, Spanish CPI rose above estimates 0.2% MoM and 2.8% on a yearly basis.

At the moment, the cross is up 0.25% at 1.3060 with the next resistance at 1.3075 (high Mar.12) ahead of 1.3128 (MA100d) and then 1.3135 (high Mar.8).
On the other hand, a breakdown of 1.2980 (low Mar.11) would accelerate the decline to 1.2956 (low Mar.8) and then 1.2929 (low Dec.11).

Mar 13, 2013

Forex USD/JPY extending weekly decline to 95.50

The market is pressing further down as it enters European trading. The USD/JPY has already extended the weekly low of 95.64 printed yesterday by sliding down to 95.50 (-0.60% on the day) and threatening more losses.

Forex Flash: Central banks in focus this week – UBS

Over the next 36 hours, three central banks are due to issue policy decisions, and Australian employment numbers are also due. In the meantime investors seem disinclined to shift positions aggressively, although the USD/JPY is still being weighed down by continued uncertainty over the parliamentary ratification process for the proposed new BoJ leadership.