Currency Analyst since 2010

June 30: Asian session

USD/JPY hit 101.26, the lowest level since May 21. Japanese industrial production data was weaker than expected, while Japanese Nikkei is up by 0.3%, but yen bulls have shaken of these things and continued selling the pair as they did last week.

NZD/USD came under selling pressure in the session, but met support around $0.8740. Kiwi was sold on poor building consents (-4.6% vs. 1.9% expected) and business confidence data (42.8 vs. 53.5). AUD/USD consolidates in a narrow $0.9410/30 range. Bullish pressure remains limited by the major $0.9460 resistance area. RBA holds its policy meeting on Tuesday. Gold price holds at $1316.

EUR/USD opened with a small gap to the downside, but is trading in a stable fashion in the $1.3640 area. GBP/USD has also made a small gap and slid a bit to $1.7020.

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