The equity market has ended last week strongly and it is expected to start this week strongly too which can push USDJPY up again as the risk apatite is still improving and there can further rooms to take risks.

The greenback has started the week strongly versus the British pound after another failure to break 1.477 by the end of last week. The cable is trading below 1.46 currently. Last week we have seen a slump of the GDP of the first quarter by 1.9% q/q and by 4.1% y/y and dovish comments from Darling who has declared that the government is adopting an easing policy to stimulate growth by increasing the imposed taxes on the rich ones while the government is increasing its spending and encouraging the borrowing which can reach £175bn this financial year before falling to £173bn in 2010 and £130bn in 2011.

The Germane IFO release of April could give the single currency the support to continue its gains versus the greenback above 1.32. The germane IFO business climate came at 83.7 and the market was waiting for just 82.3 and the IFO expected conditions came better than the market expectation of 82.6 at 83.9.

In this same time the British pound has suffered today across the broad from the weak GDP figure of the first quarter which declined by 1.9% q/q and by 4.1% y/y. We wait right now for the release of US durable goods orders of March which are expected to decrease by .8% m/m excluding the transportations orders and 1.4% broadly.

The forex market is still moving in a sideway eyeing on the changes of the equity markets. The greenback is trading down versus the single currency edging up above 1.3 while it is still keeping its gained ground versus the British pound which suffered yesterday from Darling's admitting of a contraction in UK can reach 3.5% this year. Darling has declared that the government is adopting an easing policy to stimulate growth by increasing the imposed taxes on the rich ones while the government is increasing its spending and encouraging the borrowing which can reach £175bn this financial year before falling to £173bn in 2010 and £130bn in 2011. The cable has reached 1.4396 before retracing above 1.45 again as it is trading currently at 1.455.

The currency market is moving in sideways eyeing on the changes of the equity markets. The greenback is trading down versus the single currency edging up above 1.3 while it gaining ground versus the British pound which is suffering from Darling's admitting of a contracting in UK can reach 3.5% this year. Darling has declare that the government is adopting an easing policy to stimulate growth by increasing the imposed taxes on the rich ones, increasing the governmental spending and encouraging the borrowing which can reach £175bn this financial yearor 12.4 per cent of gross domestic product before falling to £173bn in 2010 and £130bn in 2011. the cable reached 1.4396 before retracing above 1.45 again as it is trading currently at 1.4515.