News Headline Summary

Market talk of real money supply in USD/JPY above 98.00 - Unconfirmed; trades 97.96 (-39 pips) last

'Market talk’ – Signifies information that has not been formally tested through traditional journalistic channels and therefore is to be treated as unsubstantiated. Any interpretation of the talk is taken at the readers own risk and is a representation of the rumours within the market place and never generated by ourselves.

Analysis details (11:03)

- USD/JPY's move lower comes after the US Treasury warned Japan last Friday to refrain from competitive devaluation.
- In its semi-annual report on currency practices of major trade partners, the US also said China’s currency remained “significantly undervalued”, but stopped short of labelling the country a currency manipulator.

15 Apr 2013 - 10:56 - Forex Rumour - Source: RANsquawk

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