Day: April 22, 2013

April 22
2013

US Dollar Near 100 Level Against the Yen

US dollar is moving toward the 100 level against the Japanese yen. The G-20 meeting seems to have rubber-stamped the plans for more easing in Japan, and that could mean a breakthrough for USD/JPY at anytime. Right now, the US dollar is a little lower against the Japanese yen. However, the dollar attempted the 100 level earlier and was rebuffed. Even now, the greenback is near the 100 level against the yen. Support for the US dollar […]

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April 22
2013

Taiwan Dollar Falls Yen in Decline

The Taiwan dollar slipped today on speculations that policy makers will step in to rein currency’s gains as a strong currency may leave the nation in trading disadvantage. It looks like Japan has triggered a massive decline of Asian currencies by weakening the yen. Other Asian nations are worried that it would hard to compete with one of the largest Asian economy if their currencies remain strong. Therefore traders expect […]

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April 22
2013

Interest Rate on FX Trading Account Balance — Poll

It is an indisputable fact that in order to trade currencies one has to open a live account with a broker and deposit some money there. To be able to employ consistent position sizing techniques and earn sufficient profits even with low leverage, this deposit should be quite big. You may trust your broker’s credibility to deposit some $10,000 into your real account, but locking such […]

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April 22
2013

Yen Under Pressure, Holds Ground

The Japanese yen was under pressure from anticipation of more quantitative easing by the Bank of Japan, though the currency held ground versus the US dollar and even advanced against the yen today. BoJ Governor Haruhiko Kuroda was emboldened to proceed with aggressive devaluing the yen as the Group of Twenty did not oppose such policy. Kuroda said: Winning international understanding gives me more confidence to conduct monetary policy appropriately. […]

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