USD/JPY gains in quiet session, targeting 122.00

USD/JPY extended gains in Asia on Tuesday, up from 121.52 to 121.80. The yen did not rise despite data from Japan showing that the corporate services price index rose 0.7% in April, better than the gain of 0.6% expected year-on-year. The key 122.00 level comes into view now for USD/JPY. GBP/JPY was stead between 187.80-188.20 and AUD/JPY traded 95.00-95.42.

EUR/JPY on the other hand went the other way, falling even further from 133.45 to 133.10. This is due to broad Euro weakness as a result of concerns over Greece.

EUR/USD remains weak due to diverging Fed-ECB expectations and the Greek saga. EUR/USD opened in Asia at 1.0978 and fell to 1.0929. EUR/GBP slipped from 0.7095 to 0.7074.

GBP/USD was heavy on broad USD strength in Asia, down from 1.5475 to 1.5432.

USD/CHF was helped higher thanks to the firm dollar, up from 0.9451 to 0.9474.

AUD/USD opened in Asia at 0.7825, traded between 0.7813-35. Volumes were low following the US Memorial Day holiday and the UK and Germany holidays.

NZD/USD opened in Asia at 0.7311, trading a small range between 0.7299-0.7322. New Zealand trade data was shrugged off in a quiet session.

The post USD/JPY gains in quiet session, targeting 122.00 appeared first on Forex Circles.

Source:: USD/JPY gains in quiet session, targeting 122.00

About the Author
ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC. Our mission is to maximize the value our clients derive from their most precious commodity, "Time"! By offering advanced and innovative services, optimal customer care and perpetual devotion to our clients, we will ensure that their individual needs are always met as markets continue to evolve over time. Visit ForexTime to learn more www.forextime.com [space height="20"] [social type="facebook"]https://www.facebook.com/ForexTime[/social] [social type="twitter"]https://twitter.com/ItsForexTime[/social] [social type="google-plus"]https://plus.google.com/u/0/+ForextimeFXTM/posts[/social] [social type="youtube"]https://www.youtube.com/user/ItsForexTime[/social]

Related Posts

Leave a Reply

*