Currency Analyst since 2010

Feb. 18: Asian session

Asian shares went up after the Bank of Japan boosted lending programs and said it will continue monetary easing to meet its inflation target. MSCI Asia Pacific Index added 0.6%, heading for its highest close since Jan. 24. Japanese Nikkei 225 is up by more than 3%. USD/JPY recovered to 102.70.

AUD/USD tested $.9084 after minutes of the Reserve Bank’s Feb. 4 meeting signaled steady rates, but then slid by 40 pips as Chinese central bank drained liquidity from the financial system. NZD/USD declined to $0.8340.

EUR/USD keeps consolidating in the $1.3700 area. Euro’s for now below yesterday’s high at $1.3724. GBP/USD is trading in the $1.6725 area after peaking to $1.6822 yesterday.

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