Japan Feb Labor Cash Earnings (YoY) falls to -0.7% vs 0.1%
Apr 2, 2013
Forex: EUR/USD breaks higher on the back of a broad USD move
EUR/USD has recently broken to the upside in a broad selling USD move, finding resistance so far at fresh weekly highs 1.2870, few pips shy of yesterday's highs. The rally comes in the back of a Yen push higher to fresh 1-month highs and Nikkei selling off for second consecutive day in this new fiscal year in Japan.
AUD/USD continues to show a steady bid tone to the point of now breaking through 1.0450 ahead of the RBA rate decision. The exchange rate is approaching its first real test for buyers at 1.0465/75, where supply produced on March 27 will be encountered ahead of 1.05 round number.