FXstreet.com (San Francisco) - The Sterling is joining the new optimism wave on US data and EFSF talks and against the Japanese Yen, the Pound has advanced 130 pips since the US opening bell from 121.65 to break up 122.60 resistance and reach fresh intra-day high at 122.95 in its way to test 123.00 key level.
Currently the pair is trading at 122.90 and rising 1.25% so far today from opening price action.
Markets are strongly optimistic today, as US employment data come up mixed yet not disappointing, while in Europe, news that EFSF wants repurchase facilities, unsecured and secured loan proposals from banks, with leverage up to 1:6 according to some market talks, help to keep market mood high.
Currently the pair is trading at 122.90 and rising 1.25% so far today from opening price action.
Markets are strongly optimistic today, as US employment data come up mixed yet not disappointing, while in Europe, news that EFSF wants repurchase facilities, unsecured and secured loan proposals from banks, with leverage up to 1:6 according to some market talks, help to keep market mood high.
