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May 2, 2013
Forex: USD/JPY trading negatively at 97.24/26
The USD/JPY has refused to break out of its consolidation Thursday, as the pair seems unable to break in either direction during the palpable buildup to the ECB rate decision later today. Following a grim intraweek run, the cross now trades negatively at 97.24/26, incurring a loss of -0.14% during European trading.
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May 2, 2013
Forex: EUR/USD quiet after testing 1.3150 for support
After yesterday’s high at 1.3242, the EUR/USD became heavier and has been under profit taking process since then. It eventually lost the 1.3200 handle to move sideways at 1.3180 overnight, but today’s European morning sent the pair further down to test 1.3150 on the release of manufacturing PMIs in the euro area, which has held as support.
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