- Australian and New Zealand markets closed for public holiday
- Apple posts strong earning results giving risk sentiment an early boost
- South Korean median inflation expectations ease slightly to 3.8%
- BOC Carney: Currencies from emerging economies likely to strengthen against CAD and USD in medium term
- Market expecting UK GDP top come in around 0.0%
- PBOC sets USD/CNY mid-rate at 6.2923
- Nikkei +0.75%, other regional Bourses near flat
- Gold $1643/oz; Oil $103.70/bbl
The Apple earnings were the only event of note today, in a session made even less interesting because of the Anzac holiday. Risk trades got an early boost, with AUD/JPY again the lead pair, but the market was unable to maintain any momentum and it petered out into some sideways trading in tight ranges.
The risk-on sentiment and the looming BOJ decision were enough to give USD/JPY a modest bid tone for most of the session. AUD/JPY moved up early after the Apple earnings and USD/JPY has tried to generate momentum but corporate sellers seem to weigh on every small rally. Ranges: 81.29/55; AUD/JPY 83.81/84.23
AUD/USD triggered some weak trailing stops above 1.0330 when AUD/JPY buying was at its peak but with the Australian market missing, there simply was not enough interest to maintain any sort of a move. Range: 1.0301/38
EUR/USD has again been comatosed in a tight 1.3189/1.3206 range and there were no new developments reported on any of the EZ issues.
Cable 1.6132/48; EUR/CHF 1.2008/18
