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Currency Analyst since 2010

July 18: Asian session

 

EUR/JPY touched the lowest level since February at 136.70 as investors sought haven assets after a Malaysia Airlines plane was shot down over Ukraine and amid escalating tension in the Gaza Strip.

USD/JPY rose from the lows in the 101.10 area to 101.40. The Bank of Japan released its monetary policy meeting minutes, according to which the central bank will keep QE program as long as necessary while most members are agreed that the impact is firmly on track.

The greenback remains high versus its counterparts before a report today that may show a measure of US consumer confidence climbed this month.

AUD/USD rose to $0.9366 after dipping to $0.9335. NZD/USD dipped to the 55-day MA in the $0.8650 area before recovering to $0.8680.

EUR/USD is fluctuating around $1.3520. GBP/USD is trying to hold at $0.7100 after yesterday’s decline.

 

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