July 21: Asian session
Trading wasn’t very active in Asia as it’s a bank holiday in Japan and amid concerns that geopolitical tensions could flare up at any time.
USD/JPY slid to 101.19. EUR/USD rose to $1.3548. GBP/USD edged up and is trading just below $0.7100.
AUD/USD consolidates in a narrow $0.9400/9380 range. The $0.9400 mark has been acting as a resistance since Friday. Buying interest remains subdued due to some disappointing Chinese headlines. NZD/USD opened with a gap up and strengthened to $0.8710.