{"id":13638,"date":"2010-10-04T08:55:08","date_gmt":"2010-10-04T12:55:08","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=13638"},"modified":"2010-10-04T08:55:08","modified_gmt":"2010-10-04T12:55:08","slug":"forex-update-traders-eyeing-boj-eur-weakening","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/10\/04\/forex-update-traders-eyeing-boj-eur-weakening\/","title":{"rendered":"Forex Update: Traders Eyeing BOJ; EUR Weakening"},"content":{"rendered":"<p><em><strong><span style=\"text-decoration: underline;\">By <strong><em><strong><\/strong><\/em><\/strong><\/span><\/strong><\/em><strong><em><strong><em><strong><span style=\"text-decoration: underline;\"><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard<\/a> <\/span><\/strong><\/em>&#8211;<\/strong><\/em><\/strong> The euro fell back Monday after a warning that the wave of austerity  sweeping across Europe could trigger a new recession. The euro had  initially been helped by continued speculation of further quantitative  easing by the U.S. as well as by weekend support from Chinese Premier  Wen Jiabao as he conducts a tour of Europe this week.<\/p>\n<p>Not only did Wen claim to support a &#8220;stable&#8221; euro but he said that  Beijing would continue buying Greek bonds once the country returns to  the bond markets. Wen&#8217;s comments came amid reports that China has been  holding secret talks with the French to heighten coordination of  exchange rates to make them more stable.<\/p>\n<p>By midmorning, the euro had fallen back to $1.3698 from $1.3784 late  on Friday in New York, according to analysts. Against the JPY, the euro  also slipped back to 113.90 from 114.81, even though there is rising  speculation that the Bank of Japan (BOJ) will provide further liquidity  to Japanese money markets, one way or another, when it completes its  latest two-day policy meeting Tuesday.<\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                                                                      may     not    be          suitable     for     all                    investors.            There       is   a                                   possibility              that                  you       could                   sustain a    loss          of   all      of           your                                investment  and                           therefore    you                    should      not              invest                money      that        you                    cannot             afford to                    lose.   You                  should        be            aware       of             all       the          risks                        associated         with              Foreign               Exchange                     trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The euro fell back Monday after a warning that the wave of austerity sweeping across Europe could trigger a new recession. The euro had initially been helped by continued speculation of further quantitative&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-13638","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=13638"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13638\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=13638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=13638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=13638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}