On individual pairs, the USD/JPY came up to prior resistance, as investors grabbed the low levels for a quick profit. In addition officials helped to boost the value of the Dollar after mentioning that they intend to further help the Japanese economy. According to recent news, the BOJ intends to inject an additional 1 trillion yen ($11.5 billion) into short term money markets.
The EUR/USD and GBP/USD also traded steady after economic data showed a mild improvement. Construction PMI came out as expected at 47.00, while the Euro-zone’s PPI figure increased by 0.2% on a monthly basis, higher than analyst’s expectations of 0.1%.
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