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Forex: USD/JPY holding BoJ based gains above 94.00

The USD/JPY surged from 93.36 to 94.50 right as the FX market opened for the week. Since then, the chart has been watching a sideways pair being traded throughout the Asian session, and now European morning. For now, the cross has been able to limit retracements above 94.00.

Behind the early up move were reports (not confirmed yet) that PM Abe will nominate dove ADB President Kuroda to lead the BoJ.

“USD/JPY remained sidelined last week, but has started this week by attempting to resume its upmove . Our stance remains sidelined to positive”, wrote Commerzbank analyst Karen Jones, pointing to 2010 high at 94.99 then the March 2009 spike low at 95.77 overhead.

Forex: GBP/USD struggles to reach 1.5150

After dipping to the area around 1.5070 after agency Moody’s stripped the UK from its AAA status on Friday, the sterling has managed to gather traction overnight and trade back above the key resistance at 1.5100 on Monday...
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Forex: USD/CHF strolling since last Thursday

Since last Friday that the USD/CHF has been drawing trading waves as it moves back and forth from just below 0.9300 but always finding itself capped around 0.9325. Today was no different and after reaching as high as 0.9318, the market pulled to the lower band of the range. However, at the moment of writing, the USD/CHF is attempting at extending the downside.
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