Market news
25.04.2011, 08:54

Asian session: The yen fell

The yen fell versus all of its major counterparts on speculation the Bank of Japan will signal this week it will maintain monetary stimulus while policy is being tightened elsewhere.
The euro climbed against the yen for a second day before data this week that may show industrial orders in the trading bloc accelerated, adding to the case for the European Central Bank to increase interest rates further.
The dollar erased earlier losses against the euro. The European currency’s 14-day stochastic oscillator against the dollar rose to 82.3 on April 22, above the 80 threshold that suggests to some traders an asset’s price has risen too quickly and is poised to weaken.

EUR/USD: the pair bargained within the limits of $1.4520-$ 1.4600. 
GBP/USD: the pair bargained within the limits of $1.6490-$ 1.6550.
USD/JPY: the pair  shown high in the field of Y82.40 then  returned back to around of mark Y82.00.

US data starts - at 1400GMT New home sales (March).

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