2010-07-02

Market Report – 2 July 2010

»       There is an “elevated probability” that the Bank of Japan will intervene in the currency markets to sell the yen. The chance of intervention by the central bank on behalf of the Ministry of Finance has risen to 47 percent, the highest level since November 2004

»       EUR/USD Has been moving sideways most of the session between 1.2500/30.  Asian session was pretty quiet for the pair as investors are waiting on the results of the Nonfarm Payroll out of the US tonight.

»       Expectations for the US job numbers are -106k with the unemployment rate at 9.8%

For Full report please click on the link below;

ForexCT Market Insights Report