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Monday, May 25th
The USD/JPY is trading at 121.56 down 0.02% after the release of Japanese Trade Balance data for April, which was better than expected.
On Friday, the Fed Chair Janet Yellen said that “it will be appropriate” to start raising the interest rate at some stage this year.
Today, markets are closed in the United States, Switzerland and the United Kingdom due to Bank Holiday and Memorial Day.
Euro remains under pressure over talks of a possible Greek default. Greece is due to make a 1.6 billion euros debt repayment to IMF next month and it was said that the money is not there to be given unless an agreement with creditors is reached. EUR/USD is traded at 1.0965.
EUR/GBP continues its decline as the demand for Euro is hurt by the bullish trend in the U.S. dollar. Higher volatility is expected on Thursday after the release of UK GDP report.
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