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Apr 12, 2013
Forex Flash: Risk of NZD/USD hitting 0.90 grows - BNZ
Technical indicators suggest the NZD/USD is “overbought”, says Mike Jones, Currency Strategist at Bank of New Zealand, who suggests "we may see some week end profit taking drag the NZD/USD back towards 0.8600 today."
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Apr 12, 2013
Forex: EURJPY advances for 6th day in a row, prints new highs above 131.00
The EURJPY continued its advance during the New York session closing up 40 pips at 130.79. Late in the session the pair briefly printed new highs of 131.12 before sliding slightly lower the last few hours of the day. Economic news out of Japan will be in focus, with the Tertiary industry Index being released at 23:50 GMT. Furthermore, Bank of Japan Governor Kuroda will be giving a speech about “Monetary Policies in Tokyo” at 3:10GMT. Kuroda’s comments could influence the pair later in the session, and it will be important to see if he deviates from previous statements made earlier this week
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