October 8 2013

In the trading room today: The U.S. Debt Ceiling and its Impact on the USD/JPY. As the news of a potential agreement between lawmakers on raising the U.S. debt ceiling spurs risk appetite in today’s trading session, we examine the impact of a possible U.S. default on investor sentiment and on the USD/JPY exchange rate, we analyze the latest trend developments in the USD/JPY currency pair, we note the move higher in the EUR/USD pair, we keep an eye on the GBP ahead of a sequence of U.K. economic data, we highlight the market’s reaction to the Japanese Current Account, the Euro-zone GDP, the Swiss CPI and the German Factory Orders, we discuss new forecasts from Credit Suisse and HSBC, and prepare for the trading session ahead.