USD/JPY erases post-US GDP gains, Greece weighs
USD/JPY consolidated into a range in Asia after tumbling to 123.75 late on Wednesday. Earlier the pair had reached a high of 124.36 after US GDP data for Q1 was revised up. But USD weakened due to lower US treasury yields on renewed Greece concerns after a failure to reach a deal with Greece’s creditors. There is less risk appetite in the markets today. Talks resume today in Brussels.
EUR/JPY traded sideways between 138.65-83 with focus on Greece news. GBP/JPY traded from 94.60 to 193.95.
EUR/USD opened in Asia at 1.1205 and was steady in a range after it reached a high of 1.1217 late on Wednesday. The euro remains resilient despite Greece jitters.
GBP/USD did little in Asia, see-sawing in tight 1.5687-1.5713 range. The pair is pivoting around the key psychological level of 1.5700.
EUR/GBP was better bid between 0.7133-47 despite renewed Greece concerns.
USD/CHF was up modestly to 0.9347 before easing back down to 0.9333 in Asia.
EUR/CHF was better bid in spite of renewed Greece uncertainty, trading 1.0461-72.
AUD/USD opened in Asia at 0.7704, weighed down by AUD/NZD sales yesterday. A dip to 0.7698 was followed by bounce to 0.7748.
NZD/USD continued to outperform in Asia, moving up from 0.6879 to 0.6924. A softer USD today helped.
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