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USD/CHF making fresh lows

FXstreet.com (London) - USD/CHF is printing in the 0.9500s lows at the time of writing, shedding some 130 pips on the day in an extension of a bear run from the highs of 0.9791 area.

The US has seen some poorer GDP data and jobless numbers, but the move is likely to have been exaggerated on stop running. However ‘’Provided that dips hold over .9548 (uptrend), attention is on the .98395 May high and then .9972 the 2012 high. Below .9848 will trigger a slide to the 200 day ma at .9360.’’ said analyst’s at Commerzbank

USD/JPY back below 101.00

The US dollar resumed weakness and fell back below the 101.00 level against the yen during the American session, weighed by diminishing prospects of Fed tapering its QE program in the wake of soft US data.
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