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29 Dec 2014
Market Movers: Yen strengthens to push USD/JPY to a fresh daily low
FXStreet (Barcelona) - The Asian session saw China financials trade higher after PBoC confirmed to inject more liquidity in the system in 2015 by revising its loan-to-deposit ratio calculations. JPY strengthened in the early morning pushing Nikkei lower by 89.12 points to 17729.84 (-0.50%). The USD/JPY pair clocked a fresh daily low at 120.28, currently at 120.35 levels (+0.04%).
The holiday mood is reflected in the FX space as volatility and volumes remain low. EUR/USD trades largely unchanged at 1.2182 while the Sterling is little higher against the USD by 0.04% at 1.5565. The antipodeans are up, with AUD/USD is trading at 0.8135 (+0.12%) and NZD/USD higher at 0.7779 (+0.42%). NZD/JPY, NZD/CHF, NZD/SGD, NZD/CAD are all up above 0.30% in the daily charts.
Gold has recovered and now trades at USD 1195.90/oz (+0.05%). Brent continues to hover near the USD 60/bbl region, currently at USD 60.03/bbl, up 0.90% while Crude Oil is up 1.13% at USD 55.35/barrel.
USD/RUB is the biggest gainer of the day, up 2.77% at 56.5744, followed by XAG/USD at 16.2205 (+1.01%) and CHF/PLN at 3.5480 (+0.61%). EUR/PLN at 4.3320 (-1.22%), USD/PLN at 3.5565 (-1.21%) and EUR/NZD at 1.5656 (-0.35%) are the top losers in the FX Space.
Key highlights:
USD/JPY hits fresh daily lows
NZD/USD trades lower, USD bulls weigh
USD/RUB hits fresh daily highs
The holiday mood is reflected in the FX space as volatility and volumes remain low. EUR/USD trades largely unchanged at 1.2182 while the Sterling is little higher against the USD by 0.04% at 1.5565. The antipodeans are up, with AUD/USD is trading at 0.8135 (+0.12%) and NZD/USD higher at 0.7779 (+0.42%). NZD/JPY, NZD/CHF, NZD/SGD, NZD/CAD are all up above 0.30% in the daily charts.
Gold has recovered and now trades at USD 1195.90/oz (+0.05%). Brent continues to hover near the USD 60/bbl region, currently at USD 60.03/bbl, up 0.90% while Crude Oil is up 1.13% at USD 55.35/barrel.
USD/RUB is the biggest gainer of the day, up 2.77% at 56.5744, followed by XAG/USD at 16.2205 (+1.01%) and CHF/PLN at 3.5480 (+0.61%). EUR/PLN at 4.3320 (-1.22%), USD/PLN at 3.5565 (-1.21%) and EUR/NZD at 1.5656 (-0.35%) are the top losers in the FX Space.
Key highlights:
USD/JPY hits fresh daily lows
NZD/USD trades lower, USD bulls weigh
USD/RUB hits fresh daily highs