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Forex Flash: Asia-Pacific mood subdued - TD Securities

FXstreet.com (Barcelona) - TD Securities analysts note that the mood in Asia-Pac is relatively subdued following the negative leads from offshore and a poor US payrolls on Friday was compounded by renewed uncertainty in Europe following Portugal’s constitutional court’s rejection of the government’s austerity program over the weekend.

They see that local bourses were mixed at best, though the Topix outperformed (+2.4% to a 4½-year high), buoyed by the further depreciation of the Yen (USDJPY 98.5). Further, they add that most currencies were virtually unchanged following general USD weakness on Friday. They finish by writing, “Today brings the kick-off of the Q1 earnings session, with Alcoa reporting after the US markets close. The highlights of the economic calendar include the FOMC minutes (Wed), US retail sales (Fri) and China’s trade data for March (Wed). In addition, Euro zone finance ministers meet.

Forex Flash: Disappoint NFP fail to dent global risk appetite measurably - OCBC Bank

Emmanuel Ng of OCBC Bank notes that the disappointing March US NFP numbers on Friday boosted EUR/USD higher above 1.3000, although the weak numbers failed to dent global risk appetite levels measurably.
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Forex: USD/JPY testing the 99.00 level

The USD/JPY has streamed ahead Monday, building on last week’s steadfast performance, which came on the back end of a BoJ policy overhaul. In other notable moves, the cross summited the 99.00 level (99.01 session high) for the first time since 2009. At the time of writing, the pair is trading at 98.92/93, having jumped +0.69% above its opening.
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