The US dollar spent much of the day today range trading against most of its main currency rivals, including the euro, British pound and Swiss franc. Traders were hesitant to bet against the greenback ahead of possible news on a Greek debt swap deal. The one exception was against the Japanese yen. The USD/JPY took moderate losses throughout much of the day before stabilizing around 76.80 during the evening session. Turning to tomorrow, …

At forex216 we encourage our customers to be prepared for major market events. As such, you should know that the US Non-Farm Payrolls (NFP) is scheduled to be released on Friday at 13:30 GMT. The NFP is considered one of the most important economic indicators and typically results in major market volatility with the potential to effect currencies, commodities and CFD’s. Stay Informed! While many investors remain focused on the European debt crisis, …

The JPY is moving early this morning following a bout of USD weakness. With the USD/JPY breaking below the 76.80 support level there is little support remaining on the charts to stand in the way of the pair’s all-time low.

The news stream over the past 24 hours has been EUR negative with the exception of German industrial orders from October. Yet the EUR has begun to crawl back above the 1.34 level before the strong German data.