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31 Dec 2014
Market Movers: USD/JPY rebounds from below 119 levels
FXStreet (Barcelona) - The last few days of 2014 saw the low-on-liquidity FX markets do the volatility dance. The markets were slave to broader market movements, profit-booking was a prime player behind the currency fluctuations. The year saw US Indices make fresh highs, while Nikkei rallied on the back of Yen correlation.
At the time of writing, the Shanghai Composite Index is up 2.18% at 3234.68. China’s HSBC Manufacturing PMI for December came in slightly better than expected but contracted for the first time in 7 months. The AUD/USD pair went on to make a fresh daily high above the 0.82 handle before falling back to the newly made territory, now 0.15% higher at 0.8193.
Yen strength, exhibited in the European session yesterday, was made a thing of the past with the USD/JPY pair now trading at 119.62, up 0.12%, after seeing below 119 levels for a brief period yesterday. EUR/USD is marginally up 0.02% at 1.2159 at while the GBP/USD pair trades at 1.5560 level.
Oil has continued to dive, with WTI crude witnessing below $52.80 levels in the European session yesterday, currently at USD 53.14/barrel, down 0.17%. Brent Oil Futures trade at USD 57.39/barrel, down 2.37%. Gold Futures are currently at USD 1198.78/oz.
The top movers in FX are CHF/PLN at 3.5480 (+0.61%), NZD/JPY at 93.8205 (+0.25%) and AUD/JPY at 97.9885 (+0.23%). Losers include EUR/NZD at 1.5501 (-0.17%), GBP/NZD at 1.9839 (-0.17%) and EUR/MXN at 17.8996 (-0.15%).
Key highlights:
AUD/USD retraces from 12-days highs, back below 0.82 handle
Oil resumes downtrend, nears 5-1/2 year lows
At the time of writing, the Shanghai Composite Index is up 2.18% at 3234.68. China’s HSBC Manufacturing PMI for December came in slightly better than expected but contracted for the first time in 7 months. The AUD/USD pair went on to make a fresh daily high above the 0.82 handle before falling back to the newly made territory, now 0.15% higher at 0.8193.
Yen strength, exhibited in the European session yesterday, was made a thing of the past with the USD/JPY pair now trading at 119.62, up 0.12%, after seeing below 119 levels for a brief period yesterday. EUR/USD is marginally up 0.02% at 1.2159 at while the GBP/USD pair trades at 1.5560 level.
Oil has continued to dive, with WTI crude witnessing below $52.80 levels in the European session yesterday, currently at USD 53.14/barrel, down 0.17%. Brent Oil Futures trade at USD 57.39/barrel, down 2.37%. Gold Futures are currently at USD 1198.78/oz.
The top movers in FX are CHF/PLN at 3.5480 (+0.61%), NZD/JPY at 93.8205 (+0.25%) and AUD/JPY at 97.9885 (+0.23%). Losers include EUR/NZD at 1.5501 (-0.17%), GBP/NZD at 1.9839 (-0.17%) and EUR/MXN at 17.8996 (-0.15%).
Key highlights:
AUD/USD retraces from 12-days highs, back below 0.82 handle
Oil resumes downtrend, nears 5-1/2 year lows