Daily Report: Yen Climbs on Poor Data, Market Cautious ahead of US GDP

by Action Insight (All Reports) on July 30, 2010

Markets are generally cautious ahead of Q2 GDP data from US today. EUR/USD lost some momentum after hitting 1.3105/3123 cluster resistance and turned sideway while other major dollar pairs are generally staying in tight range, except USD/JPY. On the other hand, the Japanese yen strengthens across the board today on