Switzerland Feb KOF Leading Indicator decreases to 1.03 vs 1.12 (Jan)
Feb 27, 2013
Forex: USD/JPY pressured below 92.00
The USD/JPY has been under pressure this week. Monday's plunge from 94.00 area only found a low at 90.91, and no real bounce was seen yesterday: the pair dropped to as low as 91.14. Despite an upside attempt in early Asian hours, the market returned rapidly to below 92.00 and is currently quoting around 91.75.
The USD/CHF has restored its sideways movement around the psychological level of 0.9300, still incapable of moving higher though. On the upside, the pair could only go as high as 0.9339 in February. For now, the market is quoting just above the handle, but with daily losses since the opening price was printed at 0.9319.