FOREX: Monday results[M]

The USD has slightly become stronger on Monday after it fells to the years lows against EUR and 8-monthly lows against JPY. The dollar compensated the part of its loses thanks to technical factors and repositioning ahead FOMC. As expected, the rate will be increased the 16-th time on 25 b.p. up to 5% from current 4.75%.
Bearish sentiment upon USD got stronger after weak Friday's Payrolls. It fueled the possibility of the coming rate pause in a 22-month's politics of increase of rates by FED after May FOMC meeting.
This year USD lost 7.2% against EUR and 5.5% against yen. Toshihico Fukui said that rates in the country can rise on a background of sustainable economic growth It helped the yen to strengthen today. The yen rise was supported by the strongest in 5 years economy growth. 7 from 16 economists predict increase of the rate in Japan as early as July.
Futures on rates exactly show the possibility of increasing of rate on Wednesday on 5%, and further grow to 5.25% became obvious on 38% against 46% before news release at the meeting which will take place on 29 June.

EUR/USD has tested a key level of resistance $1.2780 (61.8 % of movement $1.3480-$ 1.1620) then has started to decrease. As a result of a day time minimum has been put on $1.2691. Located here bids supported EUR, but have not resulted a significant rebound. Session closed on $1.2701.
GBP/USD tested offers at $1.8690/00 which has not crowned success and the pair has returned to area $1.8640. In result support on $1.8550 was tested. Then the rate returned to $1.8570/80 and finished trades.
USD/JPY opened week with a sharp jump to Y112.17 in area of support Y111.50. The bids located here have supported JPY. Then the rate consolidated in narrow range Y111.55/75. After consolidation in the given range the rate has continued decrease therefore has tested a key level of support Y111.00. Recoil in area Y111.80 in which the session has come to the end.

This year USD lost 7.2% against EUR and 5.5% against yen. Toshihico Fukui said that rates in the country can rise on a background of “sustainable” economic growth It helped the yen to strengthen today.
Within 2006 the Japanese currency has grown on 5.5 % against dollar after that in the country has been noted the most long for last five years period of economic growth.
“Investors again wait for rate rising in Japan and support yen by bids.”-says Antje Praefcke, Commerzbank AG.
Official representatives of the Japanese authorities on Monday have declared, that fluctuations of a rate USD/JPY keep within a long-term range. However, wished do not be remained source has informed that day time movements in the currency market are carefully traced.