USD/JPY remains weak after series of disappointing US data

Posted On 24 Apr 2015

USD/JPY traded a range in Asia on Friday between 119.44-67.There was nothing of great importance on the economic calendar in Asia so the greenback was just consolidating losses made after a series of soft US data on Thursday. US jobless claims came in higher-than-expected while new home sales grew at a slower pace.

EUR/JPY was heavy, off from 129.42 to 128.96, moving away from a 129.66 high.

EUR/USD slipped from 1.0829 to 1.0787, makes tracks away from yesterday’s 1.0846 high. Focus is on the Eurogroup meeting today. Grexit concerns still weigh even though the Greek debt deadline is now out to June. EUR/GBP was off modestly from 0.7190 to 0.7177.

EUR/CHF consolidates losses yesterday between 1.0325-36, high 1.0415.

GBP/USD slid from 1.5065 to 1.5028, still in range of the 1.5070 high. UK elections weigh.
USD/CHF bounced from a 0.9532 low, to 0.9573. USD long liquidation is seen to be over for now and SNB policy will limit downside.

AUD/USD opens in Asia at 0.7779, traded between 0.7765-97.

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