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Currency Analyst since 2010

July 4: Asian session

Asian shares initially rose as US unemployment rate fell to the lowest level since before the peak of the financial crisis. Then the assets started correcting after their gains. American markets are closed for the July 4 Independence Day holiday.

USD/JPY slid from yesterday’s high at 102.26 to the 102.00 area. AUD/USD recovered to $0.9366 after falling from $0.9440 to $0.9320 yesterday. NZD/USD is trading on the downside in the $0.8740 area, but above yesterday’s low at $0.8716.

EUR/USD is testing levels below $1.3600. GBP/USD is consolidating at the highest levels since 2008 in the $1.7165 area. 

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