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Currency Analyst since 2010

Feb. 11: FOREX NEWS

FXBAZOOKA.com - Asian session was quite because Japanese markets are closed for a public holiday.

EUR/USD is flat just above 1.1300. The single currency remains under pressure because of uncertainty over a new debt deal for Greece. The nation didn’t manage to reach a new debt agreement without the austerity program. Euro area’s finance ministers meet later today in Brussels to discuss Greece’s problems ahead of the EU summit on Thursday. You can read more about the meeting here.

USD/JPY hit 1-month high at 119.66 yen. US currency was supported by gains in Treasury yields: 10-year yield rose above 2% on Tuesday for the first time in a month on the expectations that the Federal Reserve will raise interest rates by the middle of the year. In addition, the Bank of Japan Governor Haruhiko Kuroda said there was no criticism from the G20 of Japan’s aggressive easing that had driven the yen lower.

AUD/USD is trading on the upside, just below 0.7800. Australian currency strengthened after domestic data showed strong consumer confidence and a robust housing market.

Here are the events to watch today (see more in the economic calendar):

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