USD/JPY steady above 119.00, Japan closed for holiday

Posted On 28 Apr 2015

Tag: AUDUSD, EURGBP, EURJPY, USDCHF, USDJPY

The Asian session was relatively quiet due to the Japan holiday today. USD/JPY traded in a range between 119.02-20, with light volumes The pair managed to remain above the key 119.00 level and held at the base of the daily Ichimoku cloud. EUR/JPY traded between 129.48-74.

EUR/USD was well bid, hitting a high of 1.0925 late on Monday, the highest since April 7 as optimism over Greece grew following the sidelining of Greek finance minister Yanis Varoufakis form the debt talks with the IMF/EU. In Asia there was consolidation between 1.0866-95 in very quiet Asian trading.

GBP/USD was very quiet in Asia, trading a tight 1.5220-39 range, but the bias is up. UK GDP data for the first quarter are in focus today. EUR/GBP was still soggy between 0.7141-51.

USD/CHF was slightly on back foot in Asia but in tight 0.9543-66 range. EUR/CHF traded 1.0383-98, soggy after a rally to 1.0415 on Monday.

AUD/USD opened in Asia at 0.7856, and traded between 0.7834-74. There was a feeble attempt down pre-RBA Governor Stevens speech, but then a quick recovery post-speech. Stevens said little new on monetary policy, and the central bank is seen on hold.

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Source:: USD/JPY steady above 119.00, Japan closed for holiday

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