USD/JPY Weakened on Dimmer Recovery Outlook and Falling Treasury Yield, Euro Losing Momentum Dollar was broadly lower last week on deteriorating recovery outlook in US as well as falling treasury yield. USD/JPY made new 2010 low below 86 level while EUR/USD also closed above 1.3 psychological level. However, there were a few developments to note. Firstly, EUR/USD lost much momentum after hitting 1.31 cluster level. Indeed, Euro was seen weakened much against Swissy and Sterling towards the end of the week even though economic data out of Eurozone were not bad. Secondly, commodity currencies hadn't had much progress neither. Indeed, Kiwi was even weaker than dollar after a dovish RBNZ rate hike. Aussie lost must momentum after taming than expected inflation readings. Thirdly, the only persistently strong currency is sterling which was supported by optimism on H2 outlook but the pound will face some more tests from economic data scheduled this week. Full Report Here... | 
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