27 January 07:16 AM

Forex news, rate of Japanese yen. Analytics call trade balance figures to be the reason for the last drop of yen rate, as the issued data has demonstrated deficit for the first time since 1980.
Investors have lately used yen as safe currency. Bank of Tokyo Mitsubishi-UFJ analytics predict that demand for yen will drop because of the recent rise of investors’ certainty, as a result of which they supported bond indexes and lowered the cost of financing for Italy and Spain .
Despite this, one should remember that Japanese currency remains a shelter during stressful periods, especially in the uncertain conditions of world economy.
The bank supposes that yen is most likely to keep rising.
Yen rate has finished bullish wave А/В of minimal Daily level. According to the experts of Мasterforex-V Trading System, the current bearish trend is forming wave А/В, which is shown by AO index at Н1. This assumption will be proved when sloping channel MF and pivot MF 76.86 are passed, and the position of AO index at Н4. Further bearish FZR will open new horizons for the growth of yen медвежий. Bullish wave А/В of Daily2 level will start being formed when the maximum of 78.27 is passed.
You are free to discuss this article here: forum for traders and investors
Forex news.
Having delved into a range of sub-waves within narrowing correctional flat of h1 wave level at the beginning of the week, EURUSD currency pair is acting in a rather mysterious way at FOREX market. At the same time, one may seek for profit-making market trends at lower timeframes.
Forex news.
Negotiations of Finance Ministers of euro zone on the matter of “final” approval of Greek support package to Greek has lasted for over 12 hours. By 7 a.m. Moscow time the decision has been made. The second, 130 billion euro, support package has been assigned to the country. Greek Prime Minister Lucas Papademos has called this occasion “historic”.
Forex news.
Not waiting for the start of European trading session at FOREX market, EURUSD currency pair has jumped 100 points up to the point of 1.3293, having exceeded yesterday’s local maximum. This has proved the high inertness of price and adherence to the trend.
At the same time, timeframes from m5 to h1 give signals of the possible termination of rising trend in the nearest future. The period of the session currently shows a combination of waves "А" and "В" of m15 level. From the point of view of traders, profit-making falling wave "С" would be desirable in the nearest future.