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Session Recap: USD lower; BoJ on hold

FXstreet.com (Barcelona) - USD has eased today in last trading day of the week in Asia-Pacific ahead of US prelim GDP, taking EUR/USD as high as 1.3050, AUD/USD to 1.0330, GBP/USD to 1.5470, while USD/JPY to as low as 98.55. Tokyo markets will be closed next Monday for holiday.

Gold climbed to fresh session highs at $1486 but eased later on till current $1474, while Oil trades slightly lower for the session below the $93 mark. Local share markets show mixed results with Hong-Kong leading the gains up +0.74%, while Korean Kospi is down -0.22%.

BoJ finally publish its monetary policy statement leaving rates unchanged and expressing their willing to expand the monetary base to around 60-70 trillion yen per year, while inflation target for year end has not yet been disclosed. Japan CPI year on year came in at -0.5% below expectations at -0.4%.

Main headlines in the Asian session:


OMT in limbo? confidential Buba document made public

New Zealand trade surplus beats expectations

Commodities Brief: Counter trend rally in precious metals or new trend being established?

Forex: NZD/USD jumps above 0.85 on NZ trade balance

Forex: AUD/NZD downtrend continues as pair finishes lower for 5th straight day

Japan CPIs still depressed, is a 2% target really achievable?

Forex: US Dollar Index still range bound, GDP on tap

Japan PM Abe to compile a ‘growth strategy’ before the G8 summit in June

PBOC sets yuan mid-point reference rate at 6.2208, a record high for yuan against USD

Forex: US Dollar leaking lower during Asia trade

Forex: AUD/USD higher on weaker USD and stronger commodities

Forex: USD/JPY selling off ahead of BoJ

Goldman Sachs expects RBA to cut 25 basis points in May

BoJ committed to double monetary base in 2 years

Forex: USD/JPY dives lower after Bank of Japan monetary policy release

Forex: USD/JPY dives lower after Bank of Japan monetary policy minutes release

The USD/JPY is currently edging lower down 67 pips at 98.71. Initial reactions to the Bank of Japan monetary policy meeting are lower, after previous trading around 99.10 and now dropping as low as 99.69
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