XE Market Analysis: Europe - Jul 01, 2014
By: XE Market AnalysisUSD-JPY posted a near 25 pip rally to 101.53 intraday high after the Tankan survey headline disappointed with confidence among large manufacturers falling to 12 in June from 17 in March. Capex plans were better, however, with big manufacturers expecting business conditions to improve three months ahead, and are planning to boost capital spending by 7.4% in the current fiscal year. Read more