Risk appetite decreased somewhat after news that North Korea has fired four ballistic missiles, of which three landed in Japanese waters. S&P 500 futures declined, while the Yen was in demand.
USD/JPY started the day around 114.15, and declined to 113.70 during the session. Support is now seen at 113.50, followed by 112.80. Resistance lies at 114.70 and 115.50.
EUR/USD opened slightly lower in Asia, but quickly filled the gap and rose to a high of 1.0620. Later in the session, it fell back to 1.0600. Key resistance is seen at 1.0670, while support lies at 1.0540/50.
GBP/USD consolidated in a 1.2280-1.23 range in Asia. The Pound came under pressure on Friday following weak services PMI data.
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