Australia Dec CB Leading Indicator increase to -0.1% vs -0.2%
Feb 20, 2013
Forex: EUR/JPY capped below 126.00
EUR/JPY has managed to return into the positive for the week so far, last at 125.27, up +0.27%, mostly on Euro strength, following much better than expected German ZEW economic sentiment. Survey showed best result since mid 2010, jumping to 48.2 from previous 31.5, when 35.3 was expected. Two main reasons were found behind such jump: sense of Euro crisis seen as over, and low interest rates.
USD/JPY has bounced during late NY session at weekly lows 93.28, trading last at 93.57, about flat for the week so far. The pair retraces from Monday's weekly highs at 94.22 as sellers start gathering above the 94.00 figure and some option barriers emerge, market sources say. Nikkei index closed yesterday below the 11400 points mark, down -0.31%, while US 10 year bond yields keep above the 2%, last at 2.03%.