USD/JPY eases back below 124.00

USD/JPY eased lower after hitting a high of 124.46 on Thursday. In the Asian session today the pair traded between 123.60-96, and mostly between 123.65-80. Moves were directed by month-end positioning and profit-taking, as well as Japanese data.

EUR/JPY slipped from 135.93 to 135.45.

EUR/USD was heavy in Asia, off from 1.0974 to 1.0950. Greece still remains unresolved, so is likely to weigh on the euro. Yesterday, IMF Chief Christine Lagarde warned that a Grexit is possible. The June 5 IMF payment deadline looks.

EUR/GBP traded from 0.7164 to 0.7145.
EUR/CHF traded from 1.0343 to 1.0320.

GBP/USD was better bid and inched up slightly to trade a small range between 1.5308-43 in Asia.

USD/CHF consolidated in Asia after sliding yesterday, trading between 0.9401 and 0.9440.

AUD/USD opened in Asia at 0.7645 and rose modestly to 0.7674. There is low demand for long positions after disappointing Australian CAPEX yesterday.

NZD/USD opened in Asia at 0.7175, and fell from 0.7195 early to 0.7138. Kiwi was under pressure after a big drop in NZ business confidence data.

The post USD/JPY eases back below 124.00 appeared first on Forex Circles.

Source:: USD/JPY eases back below 124.00

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