Forex Flash: USD/JPY consolidating between 90-95 - Societe Generale

Sebastien Galy, Senior FX Strategist at Societe Generale notes that USDJPY is consolidating between 90-95 and we would rather buy on 90.

He writes, “Long USDJPY short may have eventually face some difficulties if the US labour data does not strengthen. For now the market is hoping for it with the back end of the UST curve steadily steepening.”

Feb 21, 2013

UK 10-y Bond Auction increase to 2.15% from 1.9%

Forex Flash: Structural reform remains in focus in Eurozone – Goldman Sachs

The economic challenges faced by many economies in the aftermath of the financial criis, especially in the Euro area, have brought the concept of ‘structural reforms’ squarely into focus. A combination of factors contribute to the implementation of reforms (such as the political environment and institutional quality), as does the need for reform itself (such as high indebtedness, crisis recovery, low growth and relatively moderate levels of efficiency). According to the Economics Research Team at Goldman Sachs, “Benchmarking countries of the Euro area periphery against these criteria suggests that there is a reasonable likelihood of them successfully undertaking such reform.”