USD/JPY snaps two-day downtrend above 109.00 after upbeat Japan Q1 GDP
USD/JPY rose for the first time in three days after stronger-than-expected Japan GDP. Japan’s Q1
Financial and Business News
USD/JPY rose for the first time in three days after stronger-than-expected Japan GDP. Japan’s Q1
AUD/NZD consolidates gains in the Asian session. AUD loses track on downbeat economic data. The
EUR/USD stays muted on Monday in the Asian trading hours. US dollar remains subdued after
AUD/USD managed to find some support near the 0.7645 region amid oversold conditions. Thursday’s upbeat
Analysts at MUFG Bank point out that the correlation between the US dollar and US
USD/INR reverses the early Asian run-up following’s RBI’s status-quo. RBI Governor Das cites enhanced and
NZD/USD witnessed a modest short-covering bounce on Friday amid oversold conditions. Thursday’s upbeat US macro
USD/JPY maintained its bid tone through the mid-European session on Thursday. An uptick in the
AUD/USD consolidates the biggest drop in three weeks. Australia’s Home Loans slumped to -0.6%, Investment
Further rangebound in USD/JPY stays well on the cards in the short-term horizon, commented FX