Forex trading currency market FX profit
– Japan Apr FX Reserves $1.290 Trln Vs Mar $1.289 Trln
– Japan Apr FX Reserves Post 1st M/M Rise In 3 Months
– Japan MOF: Did Not Intervene In FX Market In Jan-Mar
TOKYO (MNI) – Japan’s foreign reserves edged up to $1.290 trillion
at the end of April from $1.289 trillion at end-March, posting the first
rise in three months buoyed mainly by higher prices of U.S. Treasuries,
Ministry of Finance data showed on Wednesday.
The nation’s foreign reserves hit a record high of $1.307 trillion
at the end of January.
Yields on Treasury’s 10-year notes, which move inversely to prices,
fell to 1.92% at the end of April from 2.12% at the end of March, as the
Federal Reserve Board signaled the possibility of launching QE3 easing.
The MOF said Japan did not intervene in the forex market between
January and March, after having spent Y9.09 trillion on selling yen for
the U.S. currency in the final quarter of 2011.
Japan intervened in the foreign exchange market on Oct. 31, when
the yen hit a life-time high of Y75.32 versus the dollar, and conducted
further yen-selling operations from Nov. 1 to Nov. 4.
Japan’s forex reserves remain
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I don't think so2007-10-30 20:52:41 by NDXtrader
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Forex Technical Analysis - 08.06.12 — Forex Pros
By Stoyan Mihaylov | Forex | Jun 08, 2012 09:19AM GMT | Add a Comment After yesterday's precise test of 1.2630 resistance area, today's outlook is bearish for a slide through 1.2410, en route to 1.2290. Crucial resistance on the upside is 1.2545, …