Asia FX Handover 8th April 2019

  • A quiet start to the week, light on market data, Asian equities touched a 7-month high on the back of positive NFP data on Friday. US index futures have opened slightly lower. 
  • Kuroda: BOJ will maintain QQE with yield curve control for as long as necessary to achieve 2% inflation in a stable manner. 
  • JPY is today’s strongest major AUD is the weakest, which places AUD/JPY as today’s biggest mover at -0.45%. 
  • US yields have drifted lower after hitting resistance on Friday. WTI has gapped up to its highest level since November and market positioning from last week’ COT report indicates a healthy, bullish trend/.

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