USD/JPY consolidates after strong US retail sales

USD/JPY consolidated in a range between 123.43-68 in a quiet Friday Asian session and after coming under volatility following US retail sales data yesterday. A high of 124.16 was hit after the data but this level was soon rejected and prices fell back down.

US retail sales rose 1.2% in May after an upwardly revised 0.2% gain in April, the Commerce Department said, as households boosted purchases of automobiles and other goods.
Meanwhile other US data on initial jobless claims showed a slight increase in new applications for unemployment benefits, that number remained in territory associated with a healthy labor market.

EUR/JPY was a bit heavy, trading between 138.76-139.12.

EUR/USD traded between 1.1235 to 1.1267. Greece still weighs as there has not been any new developments. The IMF said that its team negotiating with Greece has left Brussels after failing to make progress on a debt deal that would help the country to avoid default. EUR/GBP traded between 0.7244-58 and between EUR/CHF 1.0498-1.0506.

GBP/USD edged up from yesterday’s low of 1.5420 to a New York session high of 1.5532 around which it consolidated.

USD/CHF had a quiet session, between 0.9325-40.

AUD/USD opened in Asia at 0.7755, and then see-sawed between 0.7737-58 in quiet end of week trading.

The post USD/JPY consolidates after strong US retail sales appeared first on Forex Circles.

Source:: USD/JPY consolidates after strong US retail sales

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 [space height="20"] [social type="facebook"][/social] [social type="twitter"][/social] [social type="google-plus"][/social] [social type="youtube"][/social]

Related Posts

Leave a Reply