USD/JPY, the safe-haven pair remained consolidated just below the top 112 levels. In the early Asian trading session, the Bank of Japan (BoJ) addressed its 20-160 billion purchase reductions of bonds. The March MoM Housing Starts reported.139 million in comparison to the.230 million forecasts. View photos, eurusd 60 Min Nonetheless, the euro pair showed no/less response to this disappointing number and remained.1245/48 levels. USD Index, yesterday the greenback had shown many gaps while on the upward rally amid fabulous US Retail figures. This time, the Building Permits number reported 31 million below the market expectation.300 million.
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EUR/USD continued to stay in the same lower vicinity near.1246 levels. BoJ especially highlighted the purchase cuts forex how long to stay in a trade on bonds having maturities between 10 to 25 years. Those gaps resembled high interest among the buyers. The rise in the pair gets discounted to the fall in the Russian Ruble amid series of fixed-coupon OFZ auctions occurred this year. Also, during the European trading session, the lower-than-expected US Housing data failed to impact the EUR/USD. Somehow, things didnt work as per expectation today.
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