The JPY and USD have seen some strength in overnight Asian trade, USD/JPY down at 98.45 from a North American close Tuesday around 99.00, while EUR/JPY is down at 130.40 from around 131.25.
The moves come with risk aversion ratcheted up a notch, all major Asian stockmarkets underwater. Financial stocks have been giving back some of their recent gains while technology stocks weren’t helped by Intel’s earnings report. Q-1 profits fell 55% because of slowing computer demand and sales aren’t seen recovering in the current period.
Not too much out today on the economic data front:
06:30 GMT: French March retail sales
07:00 GMT: Spanish March CPI/HICP
08:30 GMT: UK February DGLG house price index
09:15 GMT: ECB’s Weber makes speech in Hamburg
