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Forex Trading: Asian Session Recap and Ranges

Posted by Akhilesh Ganti on Oct 24, 2013 10:56:00 PM

A quiet start to the last trading day of a fairly eventful week. Japan’s core CPI came out at +0.7% which was in line with market estimates but lower than last month's reading of +0.8%. Tokyo’s core CPI met expectations, posting a reading of +0.3% as it exceeded last month's reading of +0.2%. Japan’s Corporate Services Price Index came out at an annual rate of +0.7 which was lower than analyst estimates of +0.8%. USD/JPY dipped a bit on these numbers as they seem to depict an economy that is struggling to achieve the inflation goals set for it by the BOJ which might prompt them to initiate further easing measures.

Ranges: {Charts: WWM's New ALPHA Trader - 60 min}(click to enlarge)
102513

 

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