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11 Sep 2013
Flash: USD/JPY jumps on Obama speech - Unicredit
FXstreet.com (Barcelona) - After reminders of disapproval towards the chemical weaponry in Syria, the moment U.S. President Obama said in an earlier speech to have Congress to postpone the vote on Syria, buyers came back on USD/JPY, Unicredit notes.
Key Quote
"This carried the dollar to 100.55 where offers were challenging; there were chatter in the streets that sell orders are found above 100.50 and thicker towards the 101.00 option-barrier. Some did mention stops placed 100.65-75 and common knowledge systematic stop buy orders beyond 101.10."
Key Quote
"This carried the dollar to 100.55 where offers were challenging; there were chatter in the streets that sell orders are found above 100.50 and thicker towards the 101.00 option-barrier. Some did mention stops placed 100.65-75 and common knowledge systematic stop buy orders beyond 101.10."