Monday, November 29, 2010

JPY: Korea and Europe retard attention to themselves from the yen

On the background of attention to Europe and the Korean Peninsula, the forex market continues to ignore the yen. In anticipation of the end of the year and against a background of relatively low corporate demand, liquidity, USD / JPY remains insignificant. Institutional interest in the yen is also limited. As a result, the pair USD / JPY continues to trade in a narrow corridor. During the night she turned in 40 points in the range of about 84. Traders are still inclined to cover dollar short positions.

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