Japan Mar JP Foreign Reserves falls to $1254.4B vs $1258.8B
Apr 5, 2013
Forex EUR/AUD stalls below 8-day highs at 1.2400
Following overnight ECB meeting and yesterday's massive moves in Yen, EUR/AUD has printed fresh 8-day highs at 1.2421, on the back of Euro strength, building a “Possible double-bottom on the 4-hour chart,” notes FXWW founder Sean Lee, what “gives a good technical entry for bulls and with metal prices falling and EZ sentiment improving, this could be a useful trade,” the analyst say.
AUD/USD is currently showing some weakness at 1.0428 last, off fresh session lows at 1.0420, retracing from NY session highs at 1.0452, ahead of key risk event later on in the form of US NFP at 12:00 GMT. Aussie is the second weakest currency among majors for last 2 trading days, way above Yen, the weakest one by far, with AUD/JPY having printed yet another fresh 4.5-year highs last at 100.45.