Session Recap: USD extends gains; USD/JPY jumps to 102 and AUD/USD tests parity

FXstreet.com (San Francisco) - The Greenback rose further on Friday with no clear catalyst for the strengthening. With no relevant data today in the economic calendar, Yields could be the reason as the 10Y rose 0.29% 1.90%.

However, the Dollar soared to 4-year highs against the Yen, 1-month high against the Euro and testing the parity against the AUD for first time since August 2012.

The G7 has started its 2-day meeting but no news across the wires. The only hint was the Japanese Finance Minister saying that the group didn't talk about Forex rates.

The EUR/USD ended the week below the 1.300 level but the pair hols above the 1.2950 key price. The GBP/USD tested the 1.5310 area, the USD/JPY jumped to the 102.00 and the AUD/USD is closing at 1.0010 after reaching fresh multi-month lows at 0.9960.

Main headlines in the American session:

Canada: Unemployment rate remained at 7.2% in April

Bernanke’s speech – link to full text

Philly Fed forecasters survey: Q2 US GDP seen at 1.8% from 2.3%

US Treasury yields continue to rise; reach 1.90%


Wall Street closes higher for day and week

Japanese FinMin Aso: FX rates not discussed at G7