{"id":20181,"date":"2011-03-17T07:59:34","date_gmt":"2011-03-17T11:59:34","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20181"},"modified":"2011-03-17T07:59:34","modified_gmt":"2011-03-17T11:59:34","slug":"usdjpy-greenback-hits-new-15-year-low-versus-yen-near-post-war-worst-trading-higher-in-asian-session","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/03\/17\/usdjpy-greenback-hits-new-15-year-low-versus-yen-near-post-war-worst-trading-higher-in-asian-session\/","title":{"rendered":"USD\/JPY: Greenback hits new 15-year low versus yen, near post-war worst, trading higher in Asian session"},"content":{"rendered":"

By GCI Forex Research<\/strong><\/p>\n

\n
\"USD<\/a>USDJPY Movement<\/p>\n<\/div>\n

For the 24 hours to 23:00 GMT, USD weakened 2.68% against the JPY and closed at 78.66, as fears over the nuclear crisis in Japan deepened more and amid speculation that the Japanese government may interfere to control the rise in currency.<\/p>\n

In Japan, yesterday, tertiary industry index rose by 2.1% (M-o-M) in January, compared to decline of 0.9% in December.<\/p>\n

In the Asian session at 4:00GMT, the pair is trading higher from the New York close, by 0.41%, at 78.98.<\/p>\n

The first short term resistance is at 81.15, followed by 83.31. The pair is expected to find support at 76.66 and the subsequent support level at 74.33.<\/p>\n

Investors are eying monetary policy meeting minutes in Japan to be released later today.<\/p>\n

The currency pair is trading just below its 20 Hr and 50 Hr moving averages.<\/p>\n

Forex Daily Market Commentary<\/strong><\/em> provided by<\/em><\/strong> GCI Financial Ltd<\/strong><\/a>.<\/strong><\/span><\/p>\n

GCI Financial Ltd (\u201dGCI\u201d) is a regulated securities and commodities trading firm, specializing in online Foreign Exchange (\u201dForex\u201d) brokerage. GCI executes billions of dollars per month in foreign exchange transactions alone. In addition to Forex, GCI is a primary market maker in Contracts for Difference (\u201dCFDs\u201d) on shares, indices and futures, and offers one of the fastest growing online CFD trading services. GCI has over 10,000 clients worldwide, including individual traders, institutions, and money managers. GCI provides an advanced, secure, and comprehensive online trading system. Client funds are insured and held in a separate customer account. In addition, GCI Financial Ltd maintains Net Capital in excess of minimum regulatory requirements.<\/p>\n

DISCLAIMER: GCI\u2019s Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be U.S.ed as investment advice. GCI assumes no responsibility or liability from gains or losses incurred by the information herein contained.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

For the 24 hours to 23:00 GMT, USD weakened 2.68% against the JPY and closed at 78.66, as fears over the nuclear crisis in Japan deepened more and amid speculation that the Japanese government may interfere to control the rise in currency.<\/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-20181","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20181","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=20181"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20181\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}