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Forex: USD/JPY breaks below 93.00

USD/JPY has broken down a relevant support level at 93.20/25 following comments from a member of the DPJ Japanese opposition party saying that they would refuse the nomination of Mr. Iwata as BoJ nominee deputy, arguing that the intention of the academic-background BoJ prospect has the intention to change the central bank's law.

USD/JPY has reached levels as low as 92.90. The next key level of support is found at 92.80, Feb 21 swing low, where bids may emerge. On the upside, a recovery above the borken-support-turned-resistance at 92.30/30 is necessary to regain bullish tone.

Forex: GBP/USD again quiet in Asia-Pacific above 1.51

Cable is last at 1.5122, near the lower side of the small range 1.5116/41 the pair has been into for fourth consecutive Asian session, following a 0.60% increase since yesterday's Asia-Pacific close, despite pretty bad UK Construction PMI data yesterday. Today's UK Services PMI data at 09:00 GMT will be key risk event for the London session ahead, as Cable stabilizes loses after being near -7% underwater for the year so far.
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Forex: EUR/USD around 1.3030 ahead of PMI

The bloc currency is partially retracing overnight gains, heading back to the area of 1.3030 after climbing to the boundaries of 1.3050...
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