Forex trading headlines for Asia Friday 25 April 2014
- Japan – National CPI for March: 1.6% y/y (vs. 1.6% expected) – PLUS the rest of this data
- Goldman Sachs technical analyst getting more bearish on the Australian dollar
- Australian dollar – what next from the RBA?
USD/JPY had a quiet start to the Asian session, but in the wake of the CPI figures it gradually ticked a little higher in the Tokyo morning through to the fix time. The range was very small, though, from around 102.20 to 102.49. It then settled around 102.40 before giving back some of its gains (as of writing).
The US and Japan issued a joint statement at the end of Obama’s visit; still no deadline set for resolution of their TPP trade differences.
EUR, GBP and CHF had even less activity.
It was a holiday in New Zealand and Australia, so little in the way of news, and no data, from them today. The AUD/USD lost some ground in the Tokyo morning, but found buying ahead of 0.9250, ticking back toward just above 0.9270. Aussie goews into very early Europe above 0.9270. NZD/USD followed a broadly similar sort of pattern through the session, supported ahead of 0.8550 and offered 0.8570.
