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Currency Analyst since 2010

June 16: Asian session

USD/JPY slid to 101.72. Yen strengthened as violence in Iraq boosted speculation that oil supplies will be disrupted and increased the appeal of haven assets. The MSCI Asia Pacific Index lost 0.2%. Japanese Nikkei 225 lost more than 1%.

AUD/USD is testing the $0.9400 resistance to the upside. The pair holds below the last week’s high of $0.9440, however. The RBA Assistant Governor Kent highlighted that the Australian dollar still remains high despite the commodity falls. NZD/USD rose to $0.8690, getting closer to the Thursday’s peak of $0.8700. New Zealand Westpac consumer sentiment lowered from 121.7 to 121.2 in Q2.

EUR/USD is trading in the $1.3540 area. GBP/USD edged up to $1.6980.

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