Currency Analyst since 2010

June 6: Asian session

Asian shares rose after the European Central Bank announced stimulus measures. The MSCI Asia Pacific Index and Japanese Nikkei 225 climbed 0.2%. 

USD/JPY declined to 102.25. Still the pair is headed for its biggest weekly gain since April before a US report (NFP) that may show employers added more than 200K jobs in May.

AUD/USD eased down to the $0.9330 area after gaining more than 60 pips yesterday. NZD/USD eased down to $0.8480 after strengthening by more than 80 pips yesterday.

EUR/USD is trading above the 200-day MA in the $1.3660 area. The market rejected the ECB’s unprecedented effort to weaken the single currency. GBP/USD is trading just above $1.6800. 

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