XE Market Analysis: Europe – May 29, 2015

EUR-USD logged a new rebound high of 1.0974 in Asian trade, piercing the 50-day moving average, which is presently sitting at 1.0969. The 1.1000 and Monday’s high at 1.1013 provide near-to upside markers. Today makes it the third successive up day after hitting a one-month low at 1.0819 on Wednesday. USD-JPY settled back under 124.00 after capping out on Thursday at 124.46. Japan’s finance minister Aso said late Thursday (from London) that recent yen weakness had been “rough” that we will “carefully monitor” currency moves.

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