Flash: USD/CAD vulnerable to test 1.01 post s/t consolidation - BBH

FXstreet.com (Barcelona) - After being the best performer last week following the best jobs number in over a decade, the Canadian dollar retraced 38.2% of the May rally (CAD1.0014 to CAD1.0420), however, failure to close below CAD1.02 suggests "the risk of some near term consolidation" says Marc Chandler, Global Head of Currency Strategy at BBH. From a broader view, as long as the greenback is capped near CAD1.03, the pair remains vulnerable to test CAD1.01, says Chandler

Jun 10, 2013

GBP/JPY capped below 153.00

GBP/JPY is last trading at 152.44, off session and weekly highs at 152.90, up +0.44% on the week so far, mostly in the back of Yen weakness, following positive data for Japan just released, and Nikkei index opening higher above the +2%.

Aussie clawing back early losses, eyes resistance at 0.9500

After trading as low as 0.9393 earlier in the session, the Aussie has managed to claw back a good portion of its losses and is now up 50 pips at 0.9454 (note this is still well below the Friday close of 0.9515.