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Barclays Capital: EUR/USD will test key support"(2011-03-11) Technical analysts at Barclays Capital claim that the single currency is going to test the key support at 1.3745 trading versus the greenback. In their view, if the pair EUR/USD closes the day below this level, it will risk slumping to 1.3520. Chart. H4 EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/6515

"Risk aversion strengthened after Japanese earthquake"(2011-03-11) Japanese currency rose versus all of its main counterparts. It happened as the demand for yen as safe heaven increased after the country was struck by the 8.9-magnitude earthquake that caused tsunami more than 10 meters high. The pair USD/JPY firstly weakened today to the 2-week minimum and then fell sharply to trade in the 82.10 area. Analysts at Rabobank International note that despite the damage for Japanese economy yen retained its safe-haven status. The bank claims that yen may gain on domestic repatriation of the national currency. График. H4 USD/JPY Comment here http://www.fbs.com/analytics/news_markets/view/6512

"RBNZ reduced interest rates"(2011-03-10) The Reserve Bank of New Zealand reduced today its benchmark interest rate from 3% to the record minimum at 2.5% citing the economic damage of an earthquake in Christchurch that occurred on February 22. As a result, the nation’s assets became less attractive for investors as other major central bank tend to contain inflation by raising borrowing costs. Economists surveyed by Bloomberg News expect rates are on hold until the first quarter next year. The pair NZD/USD fell to minimum since October 1 at 0.7336. Analysts at TD Securities and Brown Brothers Harriman advise investors to be bearish on kiwi. New Zealand’s dollar, the worst-performing G-10 currency, lost 5.7% this year and may fall further on the concerns that the nation will slide into recession and the prospect that Australia, Korea, the euro area and the UK will raise rates this year. The only thing to slow down the decline of New Zealand’s is RBNZ Governor Alan Bollard’s pledge that the rate cut will be reversed when post-earthquake construction begins to fuel economic growth. Chart. H4 NZD/USD Comment here http://www.fbs.com/analytics/news_markets/view/6505

"BNP Paribas: euro’s decline is a correction"(2011-03-10) Analysts at BNP Paribas claim that bearish pressure on the European currency may increase in the short-term as the Moody's Investors Service reduced Spain’s credit rating to Aa2. The specialists note that the major trend line support at 1.3775 holds since the beginning of this year. If the pair EUR/USD breached this level, it will be poised to fall to 1.3710. However, the bank regards the current euro’s decline as a correction of its 2011 advance. BNP Paribas has even raised medium-term forecast for the European currency to 1.46. Technical analysts at Commerzbank also say that as long as EUR/USD is trading above 20-day MA at 1.3753, it has all chances to return up to 1.40. Otherwise, below 1.3750 euro will target the 55-day MA at 1.3539. Chart. Daily EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/6503

"RBC: euro's decline won't be as strong as expected"(2011-03-10) Currency strategists at Royal Bank of Canada raised their quarter outlook for the pair EUR/USD as the ECB President Jean-Claude Trichet claimed last week that the central bank may increase its benchmark interest rate in April. While earlier the specialists thought that in the second quarter euro may fall to $1.30, they now speak about the rate’s lowering to $1.36. So, RBC still expects the single currency to decline, though not as strongly as it was forecasted before. The economists underline that the periphery issues have not gone away. RBC projects that euro will drop to $1.30 by the end of the year. The estimate is up from the previous forecast of $1.22. According to the bank, euro zone monetary authorities will lift up interest rates by 25 basis points in each of the next four quarters. Concerns about the debt crisis, however, will finally overshadow the effect from monetary tightening. Yesterday the cost of insuring against a default of Greek debt reached the record maximum as the EU prepares to approve a package of measures counter the dent crisis at its summit on March 24-25 in order to calm bond markets. Chart. Daily EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/6501

"BNY Mellon: EUR/USD may reverse downwards"(2011-03-10) Analysts at Bank of New York Mellon claim that the European currency may start losing versus the greenback due to the euro zone’s debt problems. In their view, there will soon be a tipping point for sentiment about the peripheral euro-zone debt and, consequently, for euro. According to Bloomberg, Portuguese 10-year bond yields rose today to maximal level. The country sold securities at borrowing costs almost 50% higher than at a September auction. Portugal is trying to convince investors that it can avoid applying for financial help to the EU and the IMF like Greece and Ireland did. Portuguese authorities raise taxes and conduct the deepest spending cuts in more than 3 decades selling debt to cover its fiscal deficit. European leaders will meet tomorrow to discuss the ways to solve the debt crisis. The EU summit will take place on March 24-25 and will surely have strong impact at the market. The pair EUR/USD has climbed this year by 4% on the expectations that the European Central Bank will raise interest rates to counter accelerating inflation. The single currency didn’t manage to hold last week above 1.40 and retreated getting below February 2 maximum at 1.3860. Chart. Daily EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/6499

In the century of high speed, impetuous development of technologies and global warming we often forget that it is very important to save nature and ecology of our planet. FBS believes that defence of environment now is the guarantee of healthy future generations. We want our descendants to have an opportunity to breathe fresh air, drink crystal-clear water, and walk on green grass even in 100 and 1000 years. FBS offers you to make the first step to rescue of ecology of our planet by taking part in “FBS Green Drive” contest on real accounts. The winner of “FBS Green Drive” will get the super-prize – Honda Insight Hybrid , highly economical car with an electric motor, with significantly reduced fuel consumption and harmful emission into the atmosphere. The contest will take place during: 07.03.11-11.11.11 How can a trader take part in “FBS Green Drive” contest? In order to take part in “FBS Green Drive” contest, it is necessary to have no less than 499 USD in your account, register for the contest in Personal Area and follow the Contest Rules. Procedure of “FBS Green Drive” winner determination: Happy owner of Honda Insight Hybrid will be determined using the special device FBS Green ВОХ. The winner will be a contestant, whose account number will coincide with a number displayed in FBS Green ВОХ 11.11.11 at 11:11 GMT+2. Contest rules: In order to take part in the contest, it is necessary to register an account here: https://my.fbs.com/contests/greendrive; The necessary balance of an account is 499 USD; Your trading account should be verified; The number of contest accounts is not limited; Trading conditions of FBS Green Drive contest coincide with micro account trading conditions; Expert advisors are allowed; Withdrawal from the contest account is prohibited, otherwise a contestant will be disqualified; If during the contest the current balance becomes less than the minimum sum of the balance (499 USD), it is necessary to deposit your account until required balance (499 USD) in 72 hours, otherwise the account is removed from the list of participants; Only participants with the total volume of 100 lots or more in the period from 07.03.11 to 11.11.11 may have a chance to win Honda Insight Hybrid. Every additional 100 lots will increase your chances by 10%. (You may calculate approximate odds on you to win here: https://my.fbs.com/contests/greendrive); FBS Green Drive contest will be started with no less than 100 registered participants. Registration for the contest is possible from the 7th of March 2011. Trading before the beginning of the contest is allowed, but all the accounts with the balance less then 499 USD at the moment of the contest start will be disqualified in 72 hours. Lots that were traded BEFORE the contest won’t be taken into account; Citizens of the Russian Federation and former Soviet Union are not allowed to take part in the contest; In order to be in the list of potential winners in the period of the contest (to 11.11.2011), it is necessary to have: - a contest account with the balance no less than 499 USD - the total volume of orders must be 100 lots or more - account checked for the coincidence of IP etc; The winner of the contest gets the super-prize – Honda Insight Hybrid; The contest results are posted on the site and FBS forum and are mailed in MetaTrader during 3 working days after the end of FBS Green Drive contest; The winner of FBS Green Drive agrees to participate in all the advertising and PR events, connected with the contest, including publishing of his interview in press on FBS site and forum and also on the other resource; Contest participation means the full acquaintance and agreement of a contestant with FBS Green Drive contest rules.

Almost 5 days left for 999 contest pre-registration! Dear Traders, Its time to show your ability by competing professional traders around the world , you have chance to win worth 999$ prizes. 14.03.11 is the last date for pre-registration for FBS 999 Demo Contest. Once Contest will kick off, you can't take part in the 999 Demo Contest so its your best chance to register and win fabolous prizes. Its totally a free Demo Contest and you need not to pay for it. So hurry up and join FBS 999 Demo Contest. Contestants who missed out the winning slots should not worry and keep participating in frequently scheduled FBS contests. Take part today and you can win: 1st prize – 555 USD 2nd prize – 333 USD 3rd prize – 111 USD Don't miss out the chance and participate in the contest right now OR Read more about “999”: http://www.fbs.com/contest/999 Stay connected with FBS because its all about you!

"CBI on the BoE rates"(2011-03-08) Economists at Confederation of British Industry believe that the Bank of England may start slowly and steadily increasing interest rates in the second quarter as the rising inflation is worrying the country’s population. The specialists, however, think that the rates will remain rather low. According to CBI, some of the factors behind the accelerating inflation are global, so it’s not that clear whether the rate hikes will be efficient enough. In January annual inflation rate in the UK climbed to 4% rising 2 times higher than the BoE target. Economists surveyed by Bloomberg News project that the BoE Monetary Policy Committee will leave the benchmark interest rate at 0.5% on March 10 meeting. It’s also expected that Britain’s monetary authorities will keep their bond-purchase plan at 200 billion pounds ($326 billion). Comment here http://www.fbs.com/analytics/news_markets/view/6493

"JPMorgan: recommendations on major currencies"(2011-03-08) Analysts at JPMorgan claim that the rising energy prices have driven a wedge between the central banks that target headline inflation and those which prefer watching core inflation. As a result, the bank recommends buying the European currency, though very selectively (versus Japanese yen, for example) trying to make out how much ECB tightening is already priced in its rate. The bank advises to stay long on currencies that appreciate due to the economic strength (Swiss franc) and remain short on those currencies where the economies cannot validate overblown monetary expectations (British pound). JPMorgan also favors Canadian dollar versus its Australian and American counterparts. Comment here http://www.fbs.com/analytics/news_markets/view/6490

"Forecast Pte: euro will resume growth after consolidation"(2011-03-08) The single currency reached yesterday maximum since November 8 at 1.4035 trading versus the greenback, but then eased retreating to the 1.3975 area. Technical analysts at Forecast Pte claim that after a brief consolidation the pair EUR/USD may continue its way up to 4-month maximum at 1.4282 set on November 4. In their view, the uptrend is still quite firm. Last week euro gained 1.7% and since the beginning of this year it added 4.3%. The specialists say that daily, weekly and monthly euro charts remain positive, although short-term momentum indicators such as the RSI show that the currency may be approaching “overbought” levels. The European currency will keep rising after a pause as EUR/USD managed to close last week major resistance at the 1.3974 level that’s found on the downtrend line connecting December 3, 2009, maximum of $1.5141 and November 4, 2010, maximum at $1.4282. Euro’s MACD also indicates a further advance. According to Bloomberg data, the MACD was 0.0112 today, above the signal line of 0.0091. Euro’s 14-day RSI was at 66.8 today from 59.3 a week ago, approaching the level of 70 that suggests a currency is about to change direction. Chart. Weekly EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/6488

"ING: buy EUR/JPY"(2011-03-07) Analysts at ING Commercial Bank claim that the single currency may rise next week to 1.42 trading versus US dollar. As a result, the specialists have increased their short-term targets for the pair EUR/USD. In their view, euro will rise to 1.45 during the next 1-3 months. The forecast for the end of 2011 was left unchanged at 1.48. The bank notes that the most efficient way to gain on euro’s strength is to trade EUR/JPY as the ECB seems ready to start monetary tightening in the coming months, while the Bank of Japan may keep rates at the record minimum during the next 2 years. According to ING, EUR/JPY is likely to break above 115-116 and advance to 120 yen per euro. Chart. Daily EUR/JPY Comment here http://www.fbs.com/analytics/news_markets/view/6486

"Commerzbank: EUR/USD will advance to 1.4535"(2011-03-07) Technical analysts at Commerzbank note that as the European currency has broken above 1.4010 trading versus US dollar, it will be able to climb to 1.4318 and 1.4535 levels representing the resistance line drawn from the 2008 peak, a long-term double Fibonacci level and the 1995 maximum. According to the specialists, bullish pressure on the pair EUR/USD will ease only if it falls below 1.3717. Chart. Weekly EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/6484

"Morgan Stanley raised euro forecast versus major currencies"(2011-03-07) Currency strategists at Morgan Stanley have once again revised upwards their forecast for the pair EUR/USD as they expect the European Central Bank to lift up interest rates in 2011 and 2012. The first rate hike in almost 3 years may be conducted as soon as in April as inflationary pressure in the euro area escalates. The specialists increased projection of euro’s rate by the end of this year from $1.24 to $1.45. Morgan Stanley also raised the year-end forecast for the pair EUR/JPY from 115 to 122 yen, for the pair EUR/CHF – from 1.24 to 1.35 francs and for the pair EUR/GBP – from 78 to 90 pence. According to the analysts, the ECB will increase interest rates by 25 basis points 3 times this year and 3 times in 2012. Chart. Daily EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/6482

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"Money market news: interest rates expectations"(2011-03-04) Money market rates show that the European Central Bank will increase borrowing costs in July the latest. According to forward contracts on Eonia (euro overnight index average), investors speculating that the ECB will raise its main refinancing rate from 1% by 25 basis points by its July meeting, note the economists at Deutsche Bank AG. The bets were brought forward after yesterday’s ECB statement. The European Central Bank President Jean-Claude Trichet claimed that inflation risks had moved to the “upside” and that it may be necessary to lift up borrowing costs already in April. The 2-year German note yield added 23 basis points, while Euribor (3-month euro interbank offered rate) rose today to 20-month maximum. According to forward rates on Sonia (sterling overnight interbank average), the Bank of England policy makers is likely to start hiking one month earlier than the ECB and increase the 0.5% borrowing costs to 1% by October. Comment here http://www.fbs.com/analytics/news_markets/view/6479

"Rabobank: EUR/USD 3-month forecast lifted"(2011-03-04) Analysts at Rabobank increased 3-month forecast for the pair EUR/USD from 1.40 to 1.42 after the European Central Bank President Jean-Claude Trichet claimed yesterday that the central bank may raise the interest rates next month. The specialists still think that the single currency will trade at 1.52 in a year. According to Rabobank, although the market was expecting hawkish comments from the EBC, the analysts got taken by surprise by such degree of hawkishness. The pair EUR/USD added 4.3% since the beginning of this year. The pace of euro’s advance was high despite the fact that the euro zone’s debt crisis is far from over. Chart. Daily EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/6475

"Strong Aussie creates risks for the country’s economy"(2011-03-04) Australia’s Prime Minister Julia Gillard claimed that country’s economy is too dependent on commodities exports, while the domestic spending level remains relatively low. As a result, Australia is vulnerable in the current situation of commodity boom. Australia’s dollar, the world’s fifth-most traded currency, added 12% versus the greenback in 2010. The pair AUD/USD driven by rising revenues from shipments of coal and iron ore to China has reached in December the $1.0256 level, maximum since it became floated in 1983. Strong Aussie affects Australian manufacturing and tourism industries. It’s necessary to note that unlike the emerging countries from Brazil to China, Australian authorities refrained from steps to stem currency gains, such as through limits on capital inflows letting the market determine Aussie’s rate. So, the nation’s government doesn’t consider the possibility of conducting interventions to weaken Aussie’s rate. Analysts at National Australia Bank believe that the performance of Australia’s economy may be weaker than expected. In their view, there’s a risk of the Dutch disease effect when the commodities industry grows driving up the national currency and hurting manufacturing as it happened in the Netherlands in 1970s. Analysts at TD Securities claim that the performance of Australian dollar was practically unaffected by the Trichet’s comments, New Zealand’s earthquake and the oil crisis. The specialists, however, note that the pair AUD/USD will get chance to reach the post-float maximum at 1.0253 only if the RBA signals the rate hike while the central bank indicated no such intention this week. The mentioned level will act as a resistance for now. Chart. Weekly AUD/USD Comment here http://www.fbs.com/analytics/news_markets/view/6473

"Largest asset managers on US dollar’s rate"(2011-03-04) Analysts at BlackRock and Pacific Investment Management Company, the world’s biggest bond-management firms, give opposite outlooks for US currency. BlackRock specialists favor US dollar against euro noting that the sovereign-debt crisis in the euro area will cause volatility in the region, while the European banks are in need of capital. In their view, the tensions in the Middle East will continue escalating. Political turmoil that hit Tunisia only 2 months ago, while now it has already enveloped such countries as Oman, Bahrain and Libya. BlackRock strategists say that any disruptions in Saudi Arabia could propel the oil price to $150 per barrel in the near term. During the past week Saudi Arabia’s benchmark stock index dropped by 15%. Global equities risk slumping and investors may soon turn to the greenback as a safe haven, while American bond yields will climb by 4%. Analysts at Pimco, on the other hand, advised investors to avoid dollars and expect US Treasury yields to decline. Chart. Daily EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/6471

The winners of “999” contest share their secret of success trading with FBS On the 25th of February our usual “999” demo contest was over. Dynamic struggle, regular castling in the tab of contestants and bright victory of three most stubborn traders – that’s what we remember about the contest. Today we had a talk with the winners of “999” and asked them to tell us about their impressions of the contest participation, reveal the secret of their own trading strategy and share with us their opinion on what the key to success trading is. Andrew Prohorov First place – 555 USD Balance: 214471.93 USD Anas A.Repin Second place, 333 USD Balance: 168381.51 USD Irina Zenchenko Third place, 111 USD Balance: Balance: 141917.88 USD FBS: How long are you engaged in trading? How it has turned out, that you have got acquainted with exchange trading? A.P.: I’ve been engaged in trading since 2007. I got acquainted with it by chance – my friend told my about stock exchange trading. It seemed to be very interesting to me. Since that time I’ve been studying exchange market. A.R.: I love trading. I was in trading since 2006 until now and I also trade on managed account for my private clients. Exchange trading is more exciting, because 24 hours market always change. I.Z.: I’ve been engaged in trading for two years. I met exchange trading, I guess, like most of traders – in the Internet, when I was looking for the possibilities of additional earnings. FBS: What currency pair do you prefer to trade? Why? A.P.: I use in trading about 10 currency pairs, composed of EUR, GBP, USD, CAD, AUD, NZD, CHF and JPY. Among these currencies I use pairs with the less spread. Also I divide the usable currencies into three groups: 1. EUR, USD and GBP – as the currencies with the largest volume; 2. AUD, CAD, NZD – as commodity currencies; 3. CHF and JPY – as rescue currencies. A.R.: I prefer to trade on EUR/USD, GBP/USD, AUD/USD, USD/JPY, USD/CAD and EUR/JPY. Why six? Because I have six sense (laughing). You know what? Sometimes, when one or two pair getting boring session, I can switch to good pair to trade. I.Z.: I don’t have any preferences. I think, that it is more important to analyze if it is good to trade on this or that currency pair. FBS: Tell, please, about your impressions of participation in «999» contest. A.P.: I like the contest for its great number of contestants from different countries. The period of the contest is also important. In my opinion, the longer a contest, the more honest results. As for me, the most optimal period of a contest is 2-4 weeks. A.R.: I noticed that so many contestants had joined the »999» across the globe. I think this is the best way to show my skills of trading. That is very good effort of FBS. In spite of I had to focus on my clients’ accounts, I managed to spend time to trade this competition and get 2nd place. I.Z.: I like the game, in principle. Who wouldn’t like to be in the winners? (laughing) In whole, I need to say, that minimal restrictions let traders feel free in trading, and this is a great advantage. FBS: What trading strategy did you use during the contest «999»? What helped you to make decisions? A.P.: In my strategy I use about 80% of technical analysis and 20% of fundamental analysis. My trading was aggressive, and not always my risks were reasonable. There were some orders, based only on my intuition. A.R.: I have no secrets. My strategy is mostly swing (hold position) and scalping. I love these methods. I took care of my money management like on a real account. I.Z.: I use classical technical analysis, namely trading on figures. FBS: What qualities in your opinion should possess the trader to be successful in trading? A.P.: To be successful in Exchange market you need to believe in yourself and your trading strategy and improve it. A.R.: Time. You need time. Trading is easy and simple if you will always learn, learn and learn. Learn what? There are so many aspects such as Money Management (MM), Technical and Fundamental Analysis, Psychology mindset etc. I.Z.: A successful trader should have an impartial view on the market. FBS: What could you advise to traders-beginners? A.P.: Being guided by my own experience, I may advise: to adsorb knowledge, try different kinds of strategies, don’t be greedy for profit, limit reasonably your losses and don’t hurry with decisions. A.R.: As ordinary word..be patience. This is not only money. If you can control your mind, plan your trading, so please follow 100% of your plan. Don't change your plan in half way. Otherwise your equity will be blown off. Always ask senior trader if you have any doubts. I.Z.: I wish beginners patience and persistence. FBS: Thank you very much, dear traders. Brokerage company FBS wish you further success in trading and victories. We remind you, that from 1.03.11 to 14.03.11 there is a pre-registration for the new “999” contest. The contest will start on the 15th of March. For more detailed information please refer to: http://www.fbs.com/ru/contest/999 Stay connected with FBS because its all about you!

"Mizuho: USD/JPY will move to the triangle’s lower border"(2011-03-04) Analysts at Mizuho Trust and Banking believe that US February Non-Farm payrolls data due at 13:30 GMT is likely to have a limited impact on the pair USD/JPY. The specialists expect that the greenback will keep trading between 81 and 83 yen for some time. The strategists note that the Federal Reserve has a long way ahead until it decides to end the monetary stimulus measures and tighten policy. As a result, the yield rate differential between the United States and Japan won’t widen enough to support investors’ demand for US currency. Technical analysts at Mizuho Corporate Bank note that the pair USD/JPY has suddenly bounced to the middle of the narrowing “triangle” formation but was constrained by the moving averages that are now going down below the small daily Ichimoku Cloud. In case of the weekly close below 81.30, bearish momentum for dollar will increase. According to Mizuho, it’s necessary to sell US currency at 82.45 stopping above 82.70 and targeting 81.60. Chart. Daily USD/JPY Comment here http://www.fbs.com/analytics/news_markets/view/6469

"Commerzbank: comments on USD/CHF"(2011-03-04) US dollar recovered versus Swiss franc from Wednesday’s minimum at 0.9200 to one-week maximum at 0.9330. Technical analysts at Commerzbank note that there a divergence on the daily RSI that means that the downside momentum for the pair USD/CHF is decreasing. The specialists underline, however, that as long as the greenback is trading below the resistance at 0.9340 (23.6% retracement), the outlook for it remains negative and it may drop to 0.9120 and 0.9000. Chart. Daily USD/CHF Comment here http://www.fbs.com/analytics/news_markets/view/6466

"Westpac: NZD/USD is likely to keep falling"(2011-03-04) Analysts at Westpac note that the New Zealand’s dollar remains under heavy pressure trading versus the greenback. The specialists say that the key support for the pair NZD/USD lies at 0.7350. If kiwi breaks down through this level, it will be poised to slide to 0.7200. According to Westpac, it’s necessary to watch US nonfarm payrolls data that will be published at 1:30 p.m. GMT. The strategists expect strong figures here that will add positive momentum to US currency and increase bearish pressure on NZD. Economists surveyed by Bloomberg News believe that US economy gained 196,000 jobs in February, the most since May 2010. In January the number of payrolls increased only by 36,000 due to the winter storms. US unemployment rate is thought to have risen from 9% to 9.1%. Chart. Daily NZD/USD Comment here http://www.fbs.com/analytics/news_markets/view/6463

"John Taylor: EUR/USD forecast"(2011-03-04) John Taylor, the head of FX Concepts LLC, the world’s largest currency hedge fund, notes that by June the European currency may climb to 13-month maximum versus US dollar as the European Central Bank will soon lifts up interest rates, Yesterday the ECB President Jean-Claude Trichet claimed that the central bank may raise next month its benchmark interest rate from 1% level for the first time since 2008 in order to stem rising inflation. That would inevitably lead to euro’s gains, at least temporary, noted Taylor. In his view, the pair EUR/USD may advance to $1.45 per dollar, the maximal level since January 15, 2010. However, the specialist believes that then, by the third quarter, the European economic growth will slow down and euro will depreciate. In his view, “there’s a recession coming”. Chart. Daily EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/6461

"Nomura: USD/JPY may fall to 80.00"(2011-03-04) Analysts at Nomura Securities claim that the pair USD/JPY is trapped in the 82.30 area as Japanese institutional investors are buying US currency, while exporters are selling. Although the trading has been quite so far, the specialists warn that the greenback still risks falling below 80.00. According to Nomura, many investors are ready to turn bearish if dollar starts going down towards 80.00, though many of them also say that they'll reverse their positions below that mark. In the longer term the strategists expect USD/JPY to reach 90.00 if it manages to overcome the 85.00 level. In that case Japanese investors would unwind some of their hedging positions and sell yen. Chart. Daily USD/JPY Comment here http://www.fbs.com/analytics/news_markets/view/6459