JPY, AUD, NZD down at the Asian session

JPY, AUD, NZD down at the Asian session

Written by: PaxForex analytics dept - Friday, 19 July 2019 0 comments
The economic data released during the Asian session this morning turned out to be weaker than expected. Major statistical releases included inflation figures for June in Japan.

At the same time, the Australian and New Zealand dollars failed to secure stability, as the comments of the New York branch of the Federal Reserve provided support for the yield of US Treasury bonds.

In Japan, the annual level of core inflation in June was 0.6%, which corresponds to the predicted 0.6%, whereas in May this indicator dropped from 0.8%.
The Japanese yen fell from ¥ 107,397 to ¥ 107,385 after the numbers were published. At the time of this writing, the JPY fell by 0.21% to 107.53 yen against the US dollar.

At the time of writing, the New Zealand dollar fell by 0.01% to $ 0.6782, while the Australian dollar fell by 0.07% to $ 0.7070.
NZD and AUD could not find support, despite the upward trend in Asian stock markets and the FOMC  dovish talkings, as the NY FED comments provided support for US Treasury bond yields.

In Asian stock markets, major indexes are rising. Nikkei leads with a growth of 1.66% at the time of this writing. Hang Seng and CSI300 are not far behind, increasing by 1.08% and 1.54% respectively. The ASX200 is a bit behind, up 0.81%.

The EURUSD pair is trading down at 1, 1261.

In the UK, the pound rebounded slightly from stronger-than-expected retail sales data. GBP also found support in the vote of legislators who in advance seek to prevent the next British Prime Minister from trying to impose Brexit without a deal.

At the moment, the British currency is trading steadily at a mark of 1.2542 USD.

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