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Hi everybody, welcome back! I had the most awful Internet connexion day yesterday, so my apologizes. Let’s see if we can paste at least one chart here today! . Anyway, dollar gave up part of the ground gained since past Friday, along with Japanese Yen, that also lost ground, as global stocks markets advanced, with Dow Jones ending up in March after 6 months down. The yen has been losing ground since Japanese Prime Minister Taro Aso, past Monday directed the government to deploy another major stimulus package for the ailing Japanese economy, which analysts say could dramatically increase the nation’s debt burden, and continues approaching to the 100.00 level against U.S. dollar. The Tankan (manufacturing hugest report) in Japan last night was worst than expected, and market reacted with wild movements the few minutes after the release, only to settle down and consolidate with dollar and yen a bit up again. We have a busy calendar today, but market traders should be kind of reluctant today, ahead of ECB, G20 and non Farm Payrolls all together! in the next two days. Well, here is the link to today’s calendar. Let’s see if we can have a better day today!
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!