USD/JPY recovers some losses made from Empire State Manufacturing number

Posted On 18 Aug 2015

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

• USD/JPY edged higher in Asia, moving from 124.38-50. The dollar is attempting to make back losses made on Monday after dismal US data on the Empire State Fed manufacturing Index. Focus turns to US building permits data due later today.

• EUR/JPY traded between 137.80-88, and GBP/JPY between193.72-194.05.

• EUR/USD opened in Asia at 1.1080, then was soggy with USD slightly better bid, leaving the pair to move off from 1.1082 to 1.1051. Volumes were still light in Asia, due to the summer holidays. Euro will be vulnerable to Greece headlines ahead of the German Parliamentary vote on Wednesday on the Greek bailout.

• GBP/USD traded in tight 1.5576-95 range in Asia. Sterling remains heavy. UK CPI comes into focus later today.

• EUR/GBP was mostly trading sideways, between 0.7104-10.

• USD/CHF was quiet and steady between 0.9780-94 in Asia.
• EUR/CHF also did little in Asia between 1.0837-49.

• AUD/USD opened in Asia at 0.7373, trades 0.7363-86.
• Market very quiet and holiday-affected, China concerns put aside for now.
• RBA minutes had little impact.

• NZD outperformed, rising from 0.6571 open to 0.6605.

The post USD/JPY recovers some losses made from Empire State Manufacturing number appeared first on Forex Circles.

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