USD/JPY eases back below 124.00

Posted On 29 May 2015

Tag: AUDUSD, EUR/CHF, EURGBP, EURJPY, NZDUSD, USDCHF, USDJPY

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

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]