Forex news from the European morning session 25 May
News:
Greece will strive to make all payments due
Japan's economy has continued to recovery moderately - BOJ
BOJ's Kuroda says he won't hesitate to adjust policy if needed to hit goal
- UK's Cameron cranks up the charm offensive over EU concessions
- Option expiries 10am NY cut today 25 May
Data:
- Greek central govt budget deficit Jan-April EUR 510m vs 1.15bln prev
- Italy trade balance non-EU EUR+2.59bln vs +3.5bln prev
- Nikkei 225 closes up +0.74% at 20,413.77
With the UK and much of Europe on holiday it's been understandably thin but we have seen a bit of movement in euro pairs on nothing in particular
EURUSD had an early look above 1.1000 where we have large option expiries today but it wasn't long before we were heading down to lows of 1.0959 only to bounce back to 1.0986
EURGBP and EURJPY also headed south to 0.7073 and 133.30 from 0.7100 and 133.70 which gave a bid to GBPUSD below 1.5500 and a cap on USDJPY above 121.70
EURCHF has drifted down to 1.0340 also keeping a tight lid on USDCHF
USDCAD had a run up through 1.2300 from 1.2280 support only to head back down again while AUDUSD and NZDUSD have both been in narrow bands in these thin holiday markets
US on hols too so not looking for too much later but that clutch of EURUSD expiries may yet have a say on matters.
I'm off now so enjoy the rest of your day/long weekend one and all
