Australia: Consumer Inflation Expectation (Feb): 2.3% vs 2.2%
Mar 14, 2013
Forex: USD/JPY flat for the week around 96.00
USD/JPY is last at 96.11, virtually unchanged for the week so far, following an initial weekly high Tuesday at 96.70, highest since Aug 2009, and a later on weekly low yesterday at 95.42. The pair cleared some stops reportedly placed from the 96.65 area to 96.50 yesterday, just to reverse from mentioned low on stronger demand, proving the case for some stops hunting in that zone.
Faced with area of supply at 143.70/80, the GBP/JPY managed to enjoy a brief drive through it before consolidating quietly below 143.50 along present Asian session. On the downside, 142.60/80 demand has contained falls for now.