Currency Analyst since 2010

USD/JPY rose to 2002 high

USD/JPY rose to the highest level since 2002 at 124.30 on the expectations of the US Federal Reserve’s rate hike this year.

AUD/USD tested 0.7670 as Australian private capital expenditure data disappointed: the indicator contracted by 4.4% in Q1 versus the projected decline of only 2.3%. The figures fuelled expectations for more easing by the Reserve Bank of Australia.

EUR/USD recovered to 1.0940. There were comments from the Greek government that the nations is starting to draft an agreement with its creditors. The European officials, however, have rejected the statement.

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