FX Update: February 12, 2013

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February 12, 2013 GBP/USD EUR/USD USD/CHF USD/JPY AUD/USD USD/CAD
Resistance (High) 1.5669 1.3475 0.9212 94.40 1.0320 1.0083
Support (Low) 1.5572 1.3364 0.9149 92.94 1.0226 1.0029
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Yen Gains as G-7 Officials Offer Conflicting Views on Volatility

February 12, 2013 (Bloomberg) -- The yen gained versus the dollar and euro after unnamed Group of Seven officials gave conflicting signals over whether member nations are concerned that excess moves in the Asian currency will endanger trade relations.

Japan's currency gained against all of its 16 most-traded peers as an official in Washington, who requested not to be further identified, said the nations are concerned about excessive moves in the yen and that Japan will be discussed at the Group of 20 meeting this weekend. It later pared some of the advance after a U.K. official who requested anonymity said the G-7 was not singling out an individual country or currency. The pound fell to a six-month low on bets the Bank of England will lower its growth forecast tomorrow.. ...keep reading.

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