Thursday 21 May 2015

XE Market Analysis: Asia - May 21, 2015

The FX market was relatively quiet in N.Y. trade on Thursday, though a softer batch if U.S. data weighed some on the greenback. Jobless claims were in line with expectations, though the Philly Fed index, Markit flash PMI, and existing home sales all missed the mark. EUR-USD stayed under its 20 and 100 moving day averages, though found support ahead of 1.1100 throughout. USD-JPY's recent rally ran out of gas, as that pairing struggled over 121.25, and eventually dipped briefly under 121.



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