Epic Research Singapore : Forex Market Update

The U.S. dollar was shoved lower against the Japanese yen Friday, trading back below the ¥102 level, as investors sought the relative safety of Japan’s currency and ditched equities in light of global growth worries.


The dollar USDJPY -0.5545%  bought ¥101.37, more than a full yen lower than Thursday’s level around ¥102.62. The move left the dollar below ¥102 for the first time since March 3

The euro EURUSD +0.0742%  fetched $1.3883, turning higher from late Thursday’s level of $1.3859, and the British pound GBPUSD -0.1441%  fell to $1.6596 from $1.6624.

The Australian dollar AUDUSD -0.0456%  rose to 90.32 U.S. cents from 90.23 U.S. cents, extending gains after Australia posted monthly jobs growth that outstripped expectations. 

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