Forex | Forex | Risk rally punishes JPY and keeps USD under pressure (23/07/2009 14:21:05)

Risk rally punishes JPY and keeps USD under pressure

US jobless claims in line with expectations. Market struggle for direction continues. MAJOR HEADLINES – PREVIOUS SESSION Japan Jun. Adjusted Merchandise Trade Balance out at ¥438.2B vs. ¥480.8B expected Sweden Jun. Unemployment Rate out at 9.8% vs. 10.2% expected and 9.0% in May EuroZone May Current Account out at -1.2B vs. -6.1B in Apr. UK Jun. Retail Sales out at 1.2% MoM vs. 0.3% expected and -0.9% in May UK Jun. BBA Loans for House Purchase out at 35.2k vs. 31.9k in May US Weekly Initial


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