{"id":54519,"date":"2014-07-21T02:32:10","date_gmt":"2014-07-21T06:32:10","guid":{"rendered":"http:\/\/countingpips.com\/?p=54519"},"modified":"2014-07-21T07:01:45","modified_gmt":"2014-07-21T11:01:45","slug":"risk-aversion-fades-slightly-pushing-yen-lower","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/07\/risk-aversion-fades-slightly-pushing-yen-lower\/","title":{"rendered":"Risk aversion fades slightly pushing yen lower"},"content":{"rendered":"
July 21, 2014<\/div>
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Article by ForexTime<\/a><\/p>\n

The euro regained more ground on the dollar in Asia on Monday, having rebounded from a five-month trough, but trading was anything but energetic thanks to a holiday in Japan and amid concerns that geopolitical tensions could flare up at any time.<\/p>\n

The common currency drifted up 0.2 percent to $1.3546, extending Friday\u2019s bounce from a five-month low of $1.3491.<\/p>\n

Solid support is seen at $1.3460\/80, an area that had provided a floor on several occasions for the common currency in the past 10 months or so.<\/p>\n

\u201cThe Japanese holiday has quietened things in Asia,\u201d said Mitul Kotecha, head of FX strategy at Barclays in Singapore.<\/p>\n

\u201cThere is not a great deal of first-tier data either and investors have one eye on geopolitical events, all of that is a recipe for generally lackluster trading.\u201d<\/p>

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The downing of a Malaysian airliner in eastern Ukraine last week and fighting in Gaza continued to dominate the headlines, although markets were becalmed for now.<\/p>\n

\u201cOur sense remains that at least for the moment, markets will likely continue to treat geopolitical events as localized risks and not \u201cmacro\u201d destabilizing events,\u201d analysts at JPMorgan wrote in a note to clients.<\/p>\n

The dollar index eased 0.1 percent to 80.431, continuing to pull back from a one-month peak of 80.687 set on Friday.<\/p>\n

The calmer mood kept the safe-haven yen pinned down. The greenback was at 101.22 after pushing up from a one-week low of 101.09. The euro stood at 137.10 yen, off a five-month trough of 136.71.<\/p>\n

Sterling was none the worse for wear at $1.7099, having recovered from a fall to a three-week low of $1.7037 on Friday.<\/p>\n

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\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>\n

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Article by ForexTime The euro regained more ground on the dollar in Asia on Monday, having rebounded from a five-month trough, but trading was anything but energetic thanks to a holiday in Japan and amid concerns that geopolitical tensions could flare up at any time. The common currency drifted up 0.2 percent to $1.3546, extending […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-54519","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/54519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=54519"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/54519\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=54519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=54519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=54519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}