- G20 statement doesn’t mention bond buying, references integrated Europe
- BOJ minutes: A few members said no options can be ruled out
- Japan trade deficit 907B yen vs 544B exp
- Japan exports +10% y/y vs 9.7% exp
- Australia conf board leading index -1.4% in April
- Australia Westpac leading index +0.5% in April
- Australia DEWR skilled vacancies -0.7% in May
- Australia Q1 dwelling starts -12.6% vs -2.3% exp
- Monti denies Telegraph story saying Europe poised to bailout Italy and Spain
- Geithner encouraged by discussions with European leaders
- CPPCC: China needs ‘really proactive’ fiscal policy
- Greek politicians set to seal coalition
- Nikkei up 0.85%
- JPY leads, NZD lags
Not much to report with most pairs near opening levels. EUR/USD cruised into the session at 1.2687 and slipped to 1.2663 on cold feet ahead of the Fed before edging back to 1.2676. Demand around 1.2630.
USD/JPY cracked some stops above 79.05, touching 79.12 then promptly reversed, possibly due to quarter-end flows.
Soft CA data weighed on NZD and it was the largest mover of the session, down to 0.7950 from 0.7980. Jawboning from the PM also weighed.
