Intraday Market Thoughts
Archived IMT (2009.07.07)
by
Jul 7, 2009 22:23
Both AUDJPY and NZDJPY break below their 5 1/2 mth trend line support, as the high yielders join other yen crosses in their risk-aversion damage. Watch Ashraf's interview on Bloomberg TV earlier today discussing China's currency rumblings, reserve currencies and the choppy stabilization of the US dollar http://www.bloomberg.com/avp/avp.asxx?clip=mms://media2.bloomberg.com/cache/vPVYj5ogul.0.asf&vCat=&RND=878225601&A=
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