My Forecast

06:50GMT GBPs showing another UP trend while EURs are held back..
01:00GMT Good Morning Friends, i think everybody can foresee the trend.. a small drop to reposition for another climb in our pairs. EURUSD must take turn for climb. Players will try to fustrate BOJ today with some drop in USDJPY. Over-all it is going to be wave-riding day.

News - Japan unleashed waves of yen selling, estimated at more than $20 billion (12.8 billion pounds), which spread from Tokyo through New York trading. The sales, conducted alone without help from its Group of Seven partners, are expected to continue in the days ahead, Japanese news agency Nikkei reported.Japan's bold strike to weaken its currency on Wednesday sent the yen tumbling more than 3.0 percent against the U.S. dollar, but unsettled allies who feared the unilateral move may complicate efforts to restore balanced global economic growth.Doubts remained though about how effective Japan's unilateral yen selling spree might be. A 15-month solo effort by Switzerland which ended earlier this year did little to tame the Swiss franc.Like Japan, most advanced economies are grappling with slow growth at home, making exports an economic imperative. Japan's move heightened concerns that countries would launch a round of competitive devaluations to give their own exporters an edge.U.S. lawmaker Sander Levin, who chairs the congressional committee examining China's currency policy, blamed Beijing for Japan's "deeply disturbing" intervention. Levin and many other U.S. lawmakers say China keeps the yuan artificially low, boosting its exports at the expense of U.S. companies."What's happening is that China's actions have affected Japan, and now Japan's actions affect us," he said.