17 Feb 2014
Session recap: US closed and markets await Asia
FXStreet (Guatemala) - With the US market closed, currency markets were dormant with very little liquidity and awaiting action from Asia. The EUR/USD remained within a narrow 20-pip range on Monday, hovering over 1.3700 as certainly not the most entertaining session is finally drawing to a close.
USD/JPY remains below the 102 handle after climbing higher after the Japan GDP figures disappointed. BOJ Interest rates are expected to remain on hold today and no surprises are expected in their policy statement.
GBP/USD has risen onto the 1.68 handle scoring a high of 1.6825. Since however, supply had taken the pair back into the territory of the 1.6710’s where the pair traded throughout the US dipping in to test the handle. Markets are pricing in the curve, although we are some way off indicated by the BoE. Governor Carney in an interview yesterday.
RBA minutes are due today for Asia at 00:30 GMT, but we are not expecting any surprises.
USD/JPY remains below the 102 handle after climbing higher after the Japan GDP figures disappointed. BOJ Interest rates are expected to remain on hold today and no surprises are expected in their policy statement.
GBP/USD has risen onto the 1.68 handle scoring a high of 1.6825. Since however, supply had taken the pair back into the territory of the 1.6710’s where the pair traded throughout the US dipping in to test the handle. Markets are pricing in the curve, although we are some way off indicated by the BoE. Governor Carney in an interview yesterday.
RBA minutes are due today for Asia at 00:30 GMT, but we are not expecting any surprises.