Archived IMT (2009.08.06)

JPY weakness is resurfacing modestly, albeit with caution, as the price action in USDJPY, EURJPY and even AUDJPY has yet to breach above the following key technical level; 95.80, 139.00 and 80.50 respectively http://twitpic.com/cyurx US stocks shrug the better than expected jobless claims, the BoEs decision to expand QE and pay more attention to concerns with Ciscos weaker than expected earnings and guidance. FTSE-100s gravestone doji candle on the HOURLY chart was followed by a long dark candle into the last hour of trading, a pattern last seen on Monday before the index fell 70 pts. USDCAD still proves it holds above 1.07, seeking to rest the 1.0780. Oil drops below $70.70, USDJPY once again fails at 95.80, which is the interim resistance below 96.20.