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Currency trading jumps 20 per cent
Global currency trading has soared by more than a fifth over the past three years to $4 trillion a day. This was largely driven by a 48 per cent jump in turnover of spot transactions which rose to $1.5 trillion in April 2010, from $1 trillion in 2007.
Read more...Japanese Yen: Currency Intervention Grows Ahead of BoJ Rate Decision
Japanese Yen : Currency Intervention Grows Ahead of BoJ Rate Decision Fundamental Forecast for Japanese Yen: Neutral Japanese Yen Channel is Key Yen Intervention Unlikely as Capex Soars The Japanese yen continued its northern journey against the U.S. dollar this past week despite Japans government issuing its latest fiscal stimulus package in conjunction with the central banks effort of monetary ...
Read more...Questions Linger Regarding New Forex Rules
Congress and regulators have thrown the forex trading industry a huge curve ball. We're scurrying to get answers to important questions.
Read more...USD/JPY Classical 09.03
USD/JPY: While the market trades below the 20-Day SMAs on a close basis, the downtrend remains intact and deeper setbacks below 83.60 can not be ruled out. A close above the 20-Day SMA will be required at a minimum to offer some form of relief to downside pressures. The market has not closed above the 20-Day SMA since mid-June when the pair was trading over 90.00. A break below 83.60 will open a ...
Read more...Your Source for Daily FOREX Market News and Analysis
USD/JPY: While the market trades below the 20-Day SMAs on a close basis, the downtrend remains intact and deeper setbacks below 83.60 can not be ruled out. A close above the 20-Day SMA will be required at a minimum to offer some form of relief to downside pressures.
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