JPY IS NEUTRAL

Jul 06, 2012 06:23 am

haney398 User

Posts: 21
Member since: 05/07/2012

Japan's lower house passed the sales tax bill. If the bill is effective in reducing the government budget
deficit, it will favor the JPY in the long term.

Market Highlights and Technical Analysis
06-Jul vs USD 79.9100
Daily change: 0.05%
Daily high: 80.0900
Daily low: 79.5400
Support*: 78.8033
Resistance*: 80.8033

(-) BOJ expanded asset purchase program by 10 trillion yen in Apr
(-) Fitch downgraded Japan sovereign rating to A+
(-) BOJ said to remain easing policy until inflation reaches 1% target

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