The forex trading headlines for Asia trading today: Friday 4 October, 2013
Almost a news-free day in the Asian time zone, and currencies were fairly quiet.
- The Bank of Japan concluded their policy meeting and announced unchanged monetary policy – more here and link to the full text
- US President Obama confirmed the cancellation of his trip to Indonesia and the rest of Asia
- Japan’s finance minister Aso softened his opposition to Japan’s corporate tax cut
- Dealer reports of the Bank of Korea likely to have bought $300 – $400 mln against the won
- Richard Fisher, president of the Federal Reserve Bank of Dallas, said Congress was feckless (Yes, he really did. Who knew he was a Father Ted fan?)
Quiet in the currencies except for a little movement in USD/JPY and AUD/USD.
USD/JPY ticked higher into the Tokyo fix, but stopped short of 97.50 sellers, back to 97.05/10 once fix demand was sated. It had a narrow range on the session.
AUD/USD put in a grinding performance, chewing through offers around 0.9435/30 to 35/40, where it settled as of writing.
A very quiet Asian Friday.
And don’t miss the Let’s have a non farm payroll competition anyway
