FXstreet.com (Buenos Aires)- Both safe havens, Dollar and particularly Japanese yen are gaining ground as US indexes print fresh intraday lows; DJIA is down 136 points at the time of writing while S&P approaches to 1100 support accumulating 1.45% loses today.
EUR/USD approaches quickly to 1.2300 while GBP/USD retreats from 1.4400 intraday high and quotes at 1.4350; Swiss Franc remains the bigger loser today after SNB intervention quoting around 1.15600 against dollar, along with commodity currencies, that extend intraday falls: AUD/USD quotes at 0.8380 while USD/CAD holds above 1.0500.
USD/JPY has tested levels under 91.00 for first time since May 6th, having printed an intraday low of 90.95. According to Slobodan Drvenica fromWindsor Brokers Ltd “Remains weak from the 93.50/64 double top area that ended the recovery leg off 87.96, yearly low, posted on 06 May. Dips under 91.75 now focusing 90.83, possibly 90.00 on a break. Regain of a near-term pivot at 92.95 is now required to shift the focus higher”.
