2010-10-11

It was a less movement day, as lots of banks are not trading today (holiday in North America).

China was selling EUR/USD at 1.4000 level and it pulls back to 1.3870 during the day.

This week is relatively short as not much news also.

JPY is leaving the dangrous zoon as it's trading at LEAST at 82.00 level.

Why USD/UPY drop from 86 (post BOJ intervention high) to this level? Because Japanese exporter are hedging!