Cyprus mission in Russia fails

FXstreet.com (Barcelona) - Cyprus Finance Minister Mr. Sarris just crossed the wires to say that Cyprus failed to get the financial support from Russia.

Mar 22, 2013

Forex: GBP/USD looking at 1.5200 asks

Slow session for Cable again in Asia-Pacific, last at 1.5191, near session highs, and slightly below yesterday's fresh 3-week high at 1.5210. The pair has been pushing to the upside as sentiment towards Pound has been shifting since latest BoE's King comments, suggesting not so much easing as previously expected could be in the pipeline.

Forex: USD/JPY breaks down to yesterday's 94.50 lows

As Hong-Kong and Shanghai were back from lunch break, started to selling off breaking lower previous session supports taking USD/JPY down with it, last at 94.64, off fresh session lows at 94.53, as EUR/USD has been selling off as well following headlines saying Cyprus Fin Min didn't get requested financial support from Russia.