Forex Flash: PMI offer a chance to gorp at the transatlantic divide - Societe Generale

Kit Juckes, Global head of Currency Strategy at Societe Generale feels that this morning PMIs present another opportunity for investers to wonder at the transatlantic divide.

He writes, “I’m not sure that is ‘news’ however so don’t look for much reaction today beyond a further erosion of volatility. In due course, we’ll see the US/European bond yield gap widen in sympathy as US yields rise and that will pose a new challenge for higher-yielding currencies, but that’s some way off. “

Mar 5, 2013

Forex Flash: Yen strengthens from BoJ officials at Diet meeting - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that the yen has continued to strengthen modestly overnight despite further dovish commentary from the BoJ Deputy Governor candidates at their confirmation hearings before the Diet.

Forex: GBP/JPY storms to mid 141.00 after UK data

Although playing stronger today, the Japanese Yen is no match against a British Pound that is reacting higher to better than expected UK Services PMI in February. The publication revealed a final reading of 51.8, higher than the expected 51.0 and the previous reading of 51.5.