Asia FX Handover - 8th April 2019
Matt Simpson April 8, 2019 5:29 AM
A summary of news and snapshot of moves from today’s Asia session.
- 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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