20 Jun 2014
Asian Recap: Range-bound Friday
FXStreet (Bali) - An exceedingly slow Asian session, with the US Dollar still showing no signs of life.
The FX calendar was completely vacant, not helping the case for any volatility trigger. The main theme the market is focus on continues to be the dovish comments by Fed's Yellen last Wednesday, causing the US Dollar to be unloved across the board, a situation opposite to the Pound, which keeps displaying a solid footing as policy divergences between the BoE and Fed widen.
During today's Asian session, the Yen was buoyed by Japanese stocks, with the Nikkei 225 rising over 0.25%. The Australian and New Zealand Dollar, both caught some minor (10-20 pips) bullish tones, as did Euro and Pound, with the US Dollar ending the session as the worst performer once again.
The FX calendar was completely vacant, not helping the case for any volatility trigger. The main theme the market is focus on continues to be the dovish comments by Fed's Yellen last Wednesday, causing the US Dollar to be unloved across the board, a situation opposite to the Pound, which keeps displaying a solid footing as policy divergences between the BoE and Fed widen.
During today's Asian session, the Yen was buoyed by Japanese stocks, with the Nikkei 225 rising over 0.25%. The Australian and New Zealand Dollar, both caught some minor (10-20 pips) bullish tones, as did Euro and Pound, with the US Dollar ending the session as the worst performer once again.