Currency Analyst since 2010

Aug. 11: Asian session

USD/JPY is trading above 102.00 after spiking down to 101.50 on Friday. Yen weakened as concernы about tensions in Ukraine eased after reports last week that Russia is seeking to mediate between Kiev and rebel forces. MSCI Asia Pacific Index advanced 1.2%. Nikkei 225 is up by more than 2%.

Commodity currencies met a moderate demand in the session. AUD/USD recovered to $0.9285, but remains just a little bit above the recent 2-month lows. NZD/USD edged up to $0.8470. Kiwi remains supported by the 200-day MA. There are no significant releases on the agenda in Australia and New Zealand today. Gold price dipped to $1306.05.

EUR/USD is trading in the $1.3400 area. GBP/USD is trying to hold above $1.6770 after Friday’s sell-off.

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