Forex wireless

Japanese economic data due to limited impact on the greenback, on the 30th morning in Asia, the U.S. dollar against the yen at roughly 108 checkpoints at the top of consolidation, the market waiting for further information on the guidelines, the greenback in early trading range 107.98 to 108.03.
Asia City early on the 29th, Japan announced a package of economic data: 6 menstrual seasonally adjusted unemployment rate was 4.1 percent higher than May%26#39;s 4.0 percent, while household spending in June, down 1.8 percent, declining for the fourth consecutive month The same period, salaried household spending rose 0.3 percent, the data for May, down 0.9 percent in Japan in June retail sales rose 0.3 percent, over the same period, sales of large retailers down 3.9 percent for the third consecutive month decline. Bank of Japan Nishimura, vice president of the Green-yin said that the Japanese economy likely to fall into recession, the need to guard against downside risk for the Japanese economy.
ADB announced in early trading today in Japan June industrial output for the quarter, down 2 percent for two ministry said, weaker than economists expected and down from 1.7 percent in June industrial production rose 0.2 percent annual rate, The market was also lower than expected, up 0.6 percent. However, data on the trend of the yen almost no impact.
However, the market expected, the Bank of Japan recently limited the possibility of adjusting interest rates, the yen generally with the other currency fluctuations. At the same time, the European session on the 29th euro zone economic data released by the generally poor, the euro zone economy growing tired show, while the European Central Bank is worried about growing signs of wage inflation spiral show, more and more evidence that the loan-to-crisis Impact has been widely infiltrated to the world, making Africa and the United States weighed on the currency generally lower.
The United States, on the 29th New York early release of the May S %26amp; P/CS10 cities, housing prices drop one percent, down 16.9 percent in 20 cities, housing prices down 0.9 percent, down 15.8 percent, shows that the U.S. property market continued to worsen. However, the United States in July The Conference Board consumer confidence index rose to 51.9, slightly higher than market expectations of 51,6 revised data on 51. And crude oil prices continue to fall there, September crude futures after a May 6 to lows to 120.42 U.S. dollars / barrel.
In addition, Merrill Lynch on the 28th later announced that it will sell more than 30 billion U.S. dollars mortgage assets and 8.5 billion U.S. dollars of additional shares to strengthen the balance sheet, the news caused the market to the credit crisis in the hope of a turnaround. The Dow fell because of oil prices and generally negative financial enterprises to make substantially higher, recovering lost ground on the 28th, the dollar strengthened all,
Technical observation, the dollar against the yen on the map of the technical indicators continued to show strong, the current exchange rate of breakthrough before June 16 since the pressure on the line. If investors can gain a firm exchange rate of 108 short-term pressure on the online side is expected to test resistance around 108.60, if it continues to break through the strong resistance is expected to open up the gateway to the 110 space. But if Diehui 108 below, the first support at 107.13 from 107.63 the front line.
North America early today due attention to the United States in July ADP employment change, the former for the decline in value of 79,000 people, 60,000 people expected to decline, the United States will announce this evening a week crude oil inventory data, the fluctuations in oil prices is still the recent guidelines of the global financial markets An important factor, 120 U.S. dollars presence near key support, if it fell 120 U.S. dollars juncture could trigger even greater decline, is conducive to the overall dollar strength.