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Tuesday, August 01, 2006

USD/JPY And Bollinger Bands

FX markets were, for the most part, quiet yesterday, as traders looked forward to upcoming Central Bank developments and Friday's key payroll report. Chances are very high that the ECB will be moving higher on Thursday, owing to a sustained rise in inflationary pressures. In fact, newly released inflation figures showed eurozone inflation at 2.5%, easily above the pivotal 2% comfort level. Many now feel that the ECB will become increasingly "vigilant" in the 2 nd half, with another 75bps predicted by the end of the year. Read More....