Intraday Market Thoughts

Archived IMT (2009.05.11)

by Ashraf Laidi
May 11, 2009 12:30

JPY bounces across the board as US equity futures are in the red following broad selling in Europe and lacklustre rally in Tokyo. USDJPY breaks below 98 to 97.60, while NZDJPY breaks below 59 after a short-lived break above 60. Expect prolonged paring of Fridays trades, with USDCAD eyeing 1.16 and cable eying 1.5030. EURJPY losses accelerated below 133.00, targeting 132.20. Dow futures -76 pts.


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