Asia FX Handover - 23rd April 2019
Matt Simpson April 23, 2019 5:10 AM
A summary of news and snapshot of moves from today’s Asia session.
- Another session of thin trade as markets return to their desks after the long-weekend.
- JPY spiked as flows returned, forcing AUD/JPY below pivotal support and knocking USD/JPY out of it's 40-pip range momentarily. JPY is currently the strongest major (USD/JPY lower) and AUD is the weakest, although at hardly the magnitude to call it risk-off.
- WTI held onto 6-month highs after the Whitehouse confirmed it will remove waivers tied to Iranian crude oil.
- Whilst it was a mixed picture for Asian equities, the ASX 200 hit a 7-month high despite yesterday's sell-off in China surrounding stimulus.
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