Japan Annualized Housing Starts rises to 0.944M in Feb from 0.863M

Mar 29, 2013

Forex: EUR/USD sets the 1.2810 level as an inflection point

Probably against many people's expectations, EUR/USD has not fallen further below the 1.2750 mark, and instead, has printed a double low at that point, and now trades above the 1.2800 handle again. Last at 1.2830, finding resistance at previous weekly lows, the pair has been capped so far at yesterday's early NY trade highs 1.2840, jumping on the back of better than expected German retail sales figures for the month of February.

Session Recap: Japan data disappoints; Yen advances a bit

Very quiet session in the Asia-Pacific as expected with mostly all markets closed over Eastern but Japan and mainland China, ahead of London and NY session also closed for holiday. USD/JPY dipped to session lows around the 94.00 handle, while EUR/USD hovered around the 1.2825 level.