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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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USD JPY trades at four year high all eyes on UK trade balance data

Article By: ,  Financial Analyst
May 10, 2013 11:58 AM

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- USD/JPY was trading at 101 today, its highest peak in four years.

- Japanese investors are purchasing more foreign assets and traders are setting their targets on 101.45 after stop losses below 100 were triggered. The Nikkei closed the day at 14,607.

- Elsewhere, GBP/JPY is trading at 156.17; cable is trading at 1.5428 and GBP/EUR at 1.1847.

- Back in the UK, the top stocks for the day so far are BT, up 9% at 299p after the company revealed positive full year results and raised its outlook. Other top stocks include Shire, up 5% at 2042p and Evraz, up 2% at 175p.

- European stock indices reached five-year highs, supported by central bank stimulus. ArcelorMittal climbed 6% and ThyssenKrupp rose 2% to 15.38.

- In the US, the top stocks for the day included 3M Co at $109.92 and Merck & Co $at 45.5.

- The FTSE was currently trading at 6592, the DAX at 8278 and Wall Street at 15,105.

- Gold is trading at $1456 today and oil at $95.81.

- Looking ahead, key economic data for the day includes the first day of the G7 meetings at UK trade balance data at 9.30am GMT. Also keep an eye out for a speech from FOMC member Evans at 1.25pm, followed by a speech by Fed Chairman Ben Bernanke at 2.30pm and FOMC member George at 7pm.

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