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2 Apr 2013
Session Recap: Yen wins most in a month; RBA on hold
FXstreet.com (Barcelona) - Today's Asia-Pacific session has had a common denominator in the form of a falling USD across the board, and specially against Yen, that has seen a 1-month fresh high printing a low at 92.55 in the USD/JPY pair, something not seen since early March. Strangely enough, Gold has printed fresh session highs at $1604 at the same time.
The other main driver of the season has come from Australia and the RBA holding rates at 3%, with scope to ease further if market conditions are met, the statement said. Local share markets traded in a mixed way with Tokyo leading the loses at some point down more than -2%, but last at -0.83%, with Shanghai -0.38%, and Kospi -0.44%, while Australian ASX is up +0.34%, and Hang-Seng +0.10%.
As the London open gets closer, after a long 4-day weekend closed for holidays, the USD finds some bids, making EUR/USD, GBP/USD and AUD/USD to ease a bit, while USD/JPY recovers some ground. European futures markets show a mixed open ahead, with small advances and declines in main equity indexes.
Main headlines in Asia:
Data: New Zealand Q1 employment confidence 100.7 (vs. 99.1 in Q4 2012)
Forex: EUR/USD recovers ground but the risk is on the USD/JPY
Forex: EUR/AUD above 1.23 pre-RBA
Hong Kong press: China home sales set to fall 50pc after new curbs
Australia Mar AiG Performance of Mfg Index down to 44.4 vs 45.6
Data: Australia March RPData-Rismark House Price Index +1.3%
Forex: USD/JPY dips below 93.30
Japan: Monetary Base (YoY) (Mar): 19.8% vs 15%
Kuroda: BOJ will do whatever it can to beat deflation
Forex: EUR/JPY retesting 119.50; Nikkei below 2%
Forex: EUR/USD breaks higher on the back of a broad USD move
Commodities Brief: Almost everything lower but Gold
Nth Korea: Kim Jong_un says nuclear weapons a ‘war deterrent’
RBA holds rates at 3%; statement more neutral
Forex: AUD/USD higher as RBA on hold
Forex: USD/JPY enters 92.40/75 demand after 92.95 break
The other main driver of the season has come from Australia and the RBA holding rates at 3%, with scope to ease further if market conditions are met, the statement said. Local share markets traded in a mixed way with Tokyo leading the loses at some point down more than -2%, but last at -0.83%, with Shanghai -0.38%, and Kospi -0.44%, while Australian ASX is up +0.34%, and Hang-Seng +0.10%.
As the London open gets closer, after a long 4-day weekend closed for holidays, the USD finds some bids, making EUR/USD, GBP/USD and AUD/USD to ease a bit, while USD/JPY recovers some ground. European futures markets show a mixed open ahead, with small advances and declines in main equity indexes.
Main headlines in Asia:
Data: New Zealand Q1 employment confidence 100.7 (vs. 99.1 in Q4 2012)
Forex: EUR/USD recovers ground but the risk is on the USD/JPY
Forex: EUR/AUD above 1.23 pre-RBA
Hong Kong press: China home sales set to fall 50pc after new curbs
Australia Mar AiG Performance of Mfg Index down to 44.4 vs 45.6
Data: Australia March RPData-Rismark House Price Index +1.3%
Forex: USD/JPY dips below 93.30
Japan: Monetary Base (YoY) (Mar): 19.8% vs 15%
Kuroda: BOJ will do whatever it can to beat deflation
Forex: EUR/JPY retesting 119.50; Nikkei below 2%
Forex: EUR/USD breaks higher on the back of a broad USD move
Commodities Brief: Almost everything lower but Gold
Nth Korea: Kim Jong_un says nuclear weapons a ‘war deterrent’
RBA holds rates at 3%; statement more neutral
Forex: AUD/USD higher as RBA on hold
Forex: USD/JPY enters 92.40/75 demand after 92.95 break