Switzerland Producer and Import Prices (YoY): 0.8% in Jan; 0.1% (MoM)
Feb 13, 2013
Forex Flash: Tracing the origin of the G7 mystery voice – UBS
The USD/JPY traded nervously overnight as investors continue to speculate over the identity of the rogue G7 official who yesterday put a different spin on what seemed like a benign communiqué. The mystery voice indicated that the market had misinterpreted the text, and that the actual intent had been to signal concern about "excess moves in the yen".
The NZD/USD has edged higher Wednesday after regaining the 0.8400 level yesterday and successfully holding it overnight. Thus far the pair has oscillated in a 36-pip range (0.8395 – 0.8431), unable to find a particular price driver during European trading so far. At the time of writing, the pair has settled in the region of 0.8420/21, securing an advance of +0.21% thus far.