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Topics
- Upcoming news events as potential catalysts
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Current Session: Europe
USD/JPY
Daily Market Commentary - The dollar rallied versus the yen on Wednesday on relief that the BoJ managed to hike rates to .5% by Global Forex Trading Ltd.
Dollar/yen rallied after the BoJ hiked rates on Wednesday. The market had discounted the move and should now edge higher still. Immediate resistance is at 121.05 from a 50-pip pivot, which targets 121.55 and 120.55. There is a pivotal high at 122.08.
- Have a look at our advisor's latest Yen comments
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
U.S. Dollar Outlook - USDJPY, EURJPY , AUDUSD, GOLD Outlook by Z-forecasting
Currency Journal: Yen slips following BoJ hike, outlook calls for drawn out tightening by Performance Capital
Currencies at a Glance
- EUR/USD
- Moves down below 1.3125
2/22/2007 7:10:41 AM - GBP/USD
- Trades around 1.9530
2/22/2007 7:10:44 AM - USD/CHF
- Moves up toward 1.2400
2/22/2007 7:11:04 AM - USD/JPY
- Continues to trade around 121.00
2/22/2007 7:11:34 AM
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - USD/JPY
**Source : Danske Bank A/S, FXstreet.com, KBC Bank
[ View ASI page ] [ View USD/JPY page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
Euro Zone industrial orders
| Period | Previous | Consensus | Time |
| January (MoM) | 0.2% | 1.4% | Feb 22, 10:00 GMT |
| January (YoY) | 0.7% | 6.2% | Feb 22, 10:00 GMT |
EMU economic indicators - EMU industrial new orders by BHF-Bank
EMU industrial new orders are likely to have decreased slightly in December, just like the corresponding German figure. The EMU current account is expected to have deteriorated in December, but not as much as the EMU trade balance.
[ Full Story ]Top Market Movers Review
Germany GDP
| Period | Consensus | Previous | Actual |
| 4Q | 0.9% | 0.8% | 0.9% |
German GDP growth posts seven-years record by FXstreet.com
German economy has grown during the 2006 at its fastest pace in seven years, and the GDP growth accelerated in the fourth quarter of the year, according to the Federal Statistics Office.
[ Full Story ]- Detailed results on the economic performance in the 4th quarter of 2006 - Destatis
- German Q4 final GDP growth 0.9 pct vs Q3; confirms preliminary result (AFX News)
- German Econ Growth Accelerates In 4th Quarter (Dow Jones)
U.S. FOMC Minutes
Fed more optimistic about economy in Jan, but not out of the woods on inflation by AFX News
Federal Reserve Board Chairman Ben Bernanke and his colleagues on the Federal Open Market Committee were slightly more optimistic about the prospects for the US economy at their January meeting than they were a month earlier, but they were still worried about the prospect of rising inflation.
[ Full Story ]- FOMC January Minutes - Federal Reserve
- Inflation worried Fed officials in Jan. (AFX News)
- Fed more optimistic about economy in Jan, inflation still to be watched UDPATE (AFX News)