Intraday Market Thoughts

Archived IMT (2009.04.23)

by Ashraf Laidi
Apr 23, 2009 12:06

USDJPY short term techs exposing failure to breach above 98.40s, despite Asian rally and positive equity flows in Europe. 98.70 seen as a subsequent barrier, but the fading oscillators suggest a decline towards 98.00 and 97.80. US jobless claims and existing home sales will be closely scrutinized as to whether the improvement in prior figures (falling claims and rising sales) would be prolonged.


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