Currency Analyst since 2010

June 27: Asian session


USD/JPY fell to 101.30. US dollar slumped to its lowest level in 5 weeks against the yen after downbeat US spending data gave investors no reason to hope for higher US rates anytime soon. Japanese inflation was in line with expectations.

NZD/USD touched $0.8790, hitting a new 12-month high. Kiwi buyers were inspired by a bigger-than-expected trade balance (285M vs. 250M expected). AUD/USD strengthened to $0.9430 mark – this is the one-month resistance area. Gold recovered to $1320.

EUR/USD rose to $1.3628 after dipping to $1.3575 yesterday. GBP/USD rose to $1.7050.

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