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Forex: USD/JPY moves to lower band of daily range 94.11/45

FXstreet.com (Barcelona) - The USD/JPY dropped to as low as 93.54 for Fed’s Bernanke speech yesterday, then bouncing back to 94.00 ground. Sidelined between 94.11 and 94.45, the pair is currently moving to the lower band of the range.

BoJ Governor Kuroda spoke before the Japanese parliament today, but didn’t trigger market moves. He said the central bank will do whatever it takes to end deflation, has not been buying enough in terms of size, type of asset, and will consider extending bond maturities – increasing purchases of long term bonds. He also said it is hard to set nominal GDP as a target.

Mataf.net analysts point to resistance at 94.45, 94.90 and 95.65, while supports are at 93.85, 93.50 and 93.00.

Forex Flash: EUR/USD might rebound to 1.3100/80 before heading lower - Commerzbank

A tepid rebound should still allow a possible move to 1.3100/80 “before we head lower, but our propensity is to sell ahead of here”, according to Commerzbank analysts. “We have a number of resistances converging around circa 1.3037/50 – the 23.6% retracement. All of which suggest that the market has resumed its down trend”, wrote analyst Karen Jones, pointing to the erosion of the 200 day moving average and a slide to 1.2679/61 (61.8% Fibonacci retracement of the July-to-January rise and the November 2012 low). “Still longer term we target the 78.6% Fibonacci retracement at 1.2400 and then 1.2042, the 2012 low”, she added.
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Forex: USD/CHF jumps to 0.9500 line after ECB’s Couere

After yesterday’s move, gaining around 100 pips before stalling at the 0.9500 door, the USD/CHF is in the mood of some more upside. Ahead of the European opening, the pair moved around 25 pips to reach the 0.9500 mark.
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