The forex trading headlines for Asia trading today
- Extremely quiet session in Asia today
- New Zealand March food prices -1.3% m/m (prior was -0.3%)
- Japan February Tertiary Industry Index +1.1% m/m (vs. +0.7% expected)
- Japan’s economy minster Amari said the TPP discussions with the US are ‘going in a good direction’
- BOJ governor Kuroda is speaking at a Yomiuri International Economic Society event at 0310GMT but details are embargoed until 0400GMT
USD/JPY yet again failed to get to 100 today, despite hitting 99.95 in the American timezone. From the Tokyo morning profit-taking was seen in the Nikkei225 and in the JGB futures ahead of the weekend. USD/JPY followed suit, trading below 99.5o.
EUR/USD traded in a tight range from 1.3100 to 1.3125.
AUD/USD was even more corpse-like, absolutely unmoving around 1.0540/45 for much of the morning before a pop to 55/60 and settling sideways again. NZD/USD, same sort of story, 0.8630/35 before a pop to 40/45 and then settling back around 0.8640
GBP/USD went into Asia around 1.5390/95, popped above 1.5405 but has come back around 1.5395/00 as of writing.
