OctaFX | OctaFX Forex Broker
Open trading account

Session Recap: Quiet Asian session after USD/JPY jumps the gun at the start

FXstreet.com (Barcelona) - Another Asian session with the Yen at center stage, gapping at the open, thus making USD/JPY to hit a fresh almost 4-year high at 98.85, on the back of reported bigger bond purchases than expected from BoJ starting as early as this week. Nikkei index rose a +2.40% for the session, capped below Friday's record 4.5-year highs at the 13.2k mark.

Aussie in the other hand had a weak weekly start prinitng fresh 14-day lows under the key 1.0350 handle, holding though so far above it, proving it as the most important level to watch in the nearest term to the downside. Australian ASX index gained a +0.3%, while other local share markets showed mixed results, with Shanghai index down around -1% on more fears of spreading bird flu.

Commodities had also a quiet start of the week, mostly unchanged as the rest of the currency markets but the Yen, although this last one did not move much either after the opening gap. The nuclear threat from North Korea also escalates as high activity has been reported near nuclear bases suggesting a potential nuke test could be near, Reuters reported.

Merger of Greek banks suspended

USD/JPY: Racing higher as BoJ is expected to buy 1.2 trillion yen in JGB’s

Portugal to slash spending after court ruling setback

Forex: EUR/USD unchanged around 1.3000

Forex: USD/JPY buying hysteria persists; 98.50 hit in early Asia

Forex: AUD/JPY climbs above 102.00

Australia Mar AiG Performance of Construction Index declines to 39 vs 45.6

Japan Feb Current Account n.s.a. up to ¥637.4B vs ¥-364.8B

Forex: AUD/USD prints fresh 14-day lows sub-1.0350

Forex: EUR/AUD capped below 1.2550

Cyprus works on last-minute deal to soften bank levy

Forex: EUR/JPY leaves 125.50-128.00 weekly supply behind

Reuters: North Korea readying for 4th nuclear test

Australia ANZ Job Advertisements declines to -1.5% in Mar from 3%

Reuters article on $A, yuan convertibility announced today

Forex Flash: USD/JPY to remain bid; 100.00/101.50 eyed - RBS

RBNZ’s Spencer says concerned about recent house price rises

Forex: Euro benefits as USD index hits a wall

Forex: GBP/JPY moves above 151 first time in 3 years

Japan Mar Eco Watchers Survey: Outlook declines to 57.5 vs 57.7

Read more Previous

Forex: EUR/USD dips to lows around 1.2975/80

The single currency is trading on the back foot on Monday, as events in Portugal over the weekend eroded part of last week’s post-ECB/Payrolls rally. It is worth noting that the Portuguese constitutiona....
Read more Next
Start livechat