Forex Analysis

FX Daily

Euro zone finance ministers are expected to hold a conference call

US Treasuries rallied (10-year yield down by 6 bp),

The pair closed in NY Monday at $1.5455 after rate had experienced a decent recovery,

The pair opened in Sydney at $0.7800, after offshore markets held the AUD

The pair started in Asia at $1.1334, and was then confined to a narrow

The JPY was held in narrow ranges through the Asia-Pacific session today

Focus will remain on Greece. The monitoring institutions need to approve

The stock markets ended slightly higher on Friday (S&P 500 up 0.61%),

The pair closed in NY Friday at $1.5399 after rate had recovered off a intraday low

The pair started at $0.7844 this morning in Sydney,

The pair opened in Asia at $1.1382, and initially marked a $1.1382 to $1.1410 range.

USD/JPY opened in Asia at Y119.00 unchanged from Friday’s close in New York and