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Forex: EUR/USD in fresh 2013 lows

FXstreet.com (Barcelona) - The single currency is intensifying its bearishness on Wednesday, dipping to fresh yearly lows below 1.2820

In the data front, the French GDP figures for the fourth quarter were confirmed at -0.3% QoQ ahead of Spanish Retail Sales and Current Account.

“The bailout deal for Cyprus and the concerns about what implications the deal could have in the future for depositors in other euro countries continue to weigh on the euro”, comments Morten Helt, Analyst at Danske Bank.

At the moment, the cross is losing 0.24% at 1.2825 and a drop beyond 1.2730 (low Nov.19) would expose 1.2662 (low Nov.13).
On the upside, the immediate hurdle sits at 1.2927 (MA10d) followed by 1.3050 (high Mar.25) and finally 1.3107 (high Mar.15).

Forex: USD/JPY peaks at 94.91 on reports about BoJ

The USD/JPY fall to 93.54 low on Monday and moved higher yesterday. Now, the question is if reversal will take place or was it mere correction. Today, the pair extended gains up to 94.91, closer to the 95.00 psychological level, on reports that the BoJ is preparing to merge its two JGB buying programs into one, with the intention of making the scale of the BOJ's easing programs more transparent.
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