Yen weakening may take a breather

Review: 130 EURUSD was tested and breached Short-term speculators succeeded in pushing EURUSD above 130.00 and cause a number of stops. Soon after the cross rate fell below the level again (all the way to 129.50), but we are now back again testing the important level at about 130.00-130.35. The Swedish GDP for Q3 offered a positive surprise (0.5% against the expected level of 0.2%). However, due to a steep decline in retail sales (the lowest level for more than a year), SEK weakened. The

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Yen weakening may take a breather

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