Forex: USD/CHF soars on headlines coming from Japan
FXstreet.com (Barcelona) - The USDCHF spent the Asian session limited by 0.9325 on the upside and held just above the 0.9300 psychological level on the downside. But now with European currency flows, the pair jumped right off past the 0.9325 area to score some pips, up to 0.9338 high.
The movement is of the responsability of the euro, falling directly against the Yen after Japan's Econ Min Amari reported denial that he had said that the 100.00 price on the USDJPY was a "turning point".
Soon, Producer and Importprices in Switzerland will be published, with easing expectations from 1.2% to 0.8% (YoY).
"EURUSD established support at 1.3265, lending to a bout of consolidation on the session", wrote Fxstreet.com independent analyst Richard Lee. "Any upside corrections at this point will target resistance at the 1.3403 January 14th session high", he added, pointing to a second support at 1.3140.
The movement is of the responsability of the euro, falling directly against the Yen after Japan's Econ Min Amari reported denial that he had said that the 100.00 price on the USDJPY was a "turning point".
Soon, Producer and Importprices in Switzerland will be published, with easing expectations from 1.2% to 0.8% (YoY).
"EURUSD established support at 1.3265, lending to a bout of consolidation on the session", wrote Fxstreet.com independent analyst Richard Lee. "Any upside corrections at this point will target resistance at the 1.3403 January 14th session high", he added, pointing to a second support at 1.3140.
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