EUR/USD has lost ground in Asia today, the EUR/USD, which rallied to highs of 1.2968 in late NY, had opened in Tokyo around 1.2920 with the high of 1.2931 and a low of 1.2856 reported with some stops triggered on the break under 1.2890. Bids remain at 1.2850 with offers at 1.2960 but stops above 1.2980 and offers at 1.3000. AUD/USD traded to 0.6684 highs in late NY and had already declined to 0.6627 ahead of the Tokyo open. Losses have extended to lows of 0.6563, and a break under 0.6550 risks a further decline to 0.6500. Kiwi losses have accelerated this afternoon, with Kiwi falling to lows of 0.5399 after stops were triggered on the break under 0.5420. USD/JPY remains range/bound in Asia, currently at 92.73 and near the base of the range that has been maintained within 92.70/93.10 so far this session. GBP/USD remains heavy after Monday's London highs above 1.5000, with GBP/USD having traded to lows of 1.4823 in Asia. The slide in AUD and EUR weighed on the currency but so did that data out of U.K. Bids remain at 1.4800 and 1.4780 on sterling but traders still look to sell at 1.5000 or above on rallies. GBP/JPY fell from highs in late NY around 139.00 to lows of 137.36 and is now at 137.64. Good bids are reported at 137.00. EUR/GBP has been very steady, pivoting around 0.8670/90 most of the session.
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