USD Trading Outlook (19-02-2013)

*UPDATE* 23:50GMT Japanese FinMin Aso ‘No Plan to Buy Foreign Bonds for Monetary Easing or change BOJ independence Law for the time being’

U.S. Dollar Trading (USD) a quiet US session with markets closed for President’s Holiday and there was little fresh news for traders to digest. The G20 statement caused some Yen weakness in early Asia with USD/JPY breaking above Y94 but this was pared back with profit takers capping at Y94.20. The market returned in full force today with EUR/JPY and USD/JPY likely the main pairs in focus again. Looking ahead, NAHB Housing Market Sentiment forecast at 48 vs. 47 previously.

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