31.08.10
Today Asian markets fall because of Japanese stocks which were at new 16-month low. Investors are anxious about influence of the yen on the Japanese economy.
In Asia the EURO and the USD fall against the YEN.
Today the EUR/USD pair demonstrates a positive way. The session’s maximum was at 1.2698. Then EURO has turned and currently is near to $1.2670. The pair has to speed up over 1.2710 to prove its uptrend.
Yesterday weak US data had an impact on the markets. Therefore now investors are waiting for Friday’s employment data to find out if there is reason to expect a double dip recession.
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