As expected USDJPY 83 level has been defended by the BOJ and it's now trading above .84 as we have mentioned recently that The Japanese yen is well-exposed to the BOJ interventions threats which has become Imminent in this session with it looming above 83 as it is hard to give up to the demands for watching its currency appreciation after unexpected growing of the Japanese Q2 GDP by just .1% while it was waited to be to be .6% and amid increased probability of having further persisting deflation forces because of the suffering consuming pace in US which has not reached its end as it looks yet in a time of cooling growth tries in China which has increased worrying about prices currently as we have seen it in the beginning of this month calling for banking stress test suggesting declining of the housing prices by 60% which is the double of what was initially made at just 30% and it has obeyed for demand for further re-evaluation step used to be named gradual action by PBOC ...

The lighter than expected Basel 3 banking deal conditions for capping the exposure of the EU banks to the markets risks holding just 7% of the common equity money instead of 9.5% which should be reached by 2019 and the EU Commission revising up of the European growth rate this year to 1.7% thanks to the weak euro and the germane driving growth pace which has been revised to 3.4% from 1.2% could underpin the single currency in the beginning of this week with better than expected industrial productions data from china could underpin the risk appetite weighing on the greenback across the broad supporting the equities markets, the commodities and the energy prices as the market has reacted positively as these measures were not as hard as what was expected pushing the banks stocks up but generally, these new regulations have been read as a try for cooling down the banks profits tightening its rules in the benefits of the borrowers for supporting the economy and keeping its rules on just lending conservatively with minimal possibility of taking risks directly and ...

Richmond Fed Manufacturing Index which slumped in July to 16 from 23 in June has fallen again in august to 11 and also US July Existing Home Sales which were waited to be 4.8m from 5.37m in June has shocked the markets by just 3.83m down by 27.2% after decreasing in June by just 5.1% to add more evidences about the current US growth slow down to the markets which have been already hit last Thursday by disappointing falling of Philadelphia Fed business survey of August to -7.7 waiting for a quiet rising to 7 after falling from 11.5 in June to 5.1 in July weighing negatively on the markets which were actually hurt by new rising of the US jobless claim release to 500k from 584k while it was forecasted to be 476k bringing back to the inventors the worries about the business spending and the struggling labor market impacts in US again to continue the weakness spiral which contained the market sentiment since the release of the weak labor report July which contained losing of another 131k revising down June losing of 125k to 221k weakening the US equities markets and the declining of the treasury yields putting pressure on the Fed to step forward in its quantitive easing policy buying Mortgage backed securities rolling over it’s holdings of treasury securities as they mature before the deterioration can have further negative impacts on the consuming and capital spending and to inform the markets that the Fed will not stand seeing the economy falling back in a second dip recession....

The greenback could add more gains across trading below 1.2735 versus the single currency after it could break 1.276 supporting level last Friday amid the risk aversion which came back containing the market sentiment putting pressure on the equities markets.

Dow could not keep its opening gains closing the US session down by .38% losing another 39 points to continue its falling after short lived rebounding ended last Thursday loss of 144 points by disappointing falling of Philadelphia Fed business survey of August to -7.7 waiting for a quiet rising to 7 after falling from 11.5 in June to 5.1 in July weighing negatively on the markets which were actually hurt by new rising of the US jobless claim release to 500k from 584k while it was forecasted to be 476k which brought back to the inventors the worries about the business spending and the struggling labor market in US which leads the global recovery after the markets have been shocked by unexpected growing of the Japanese Q2 GDP by just .1% as the markets were waiting for it to be .6% after weak performance of the US equities markets