Japan Apr JP Foreign Reserves rises to $1258B vs $1254.4B
May 9, 2013
Forex: AUD/JPY finishes slightly lower after narrow range day
The AUD/JPY closed the day down 14 pips at 100.67. It was a quiet day for the pair which traded in a range between 101.02 and 100.40. Later in the session we will see the Aussie Employment Change release which is due out at 1:30GMT. Given the recent RBA rate cut, volatility could pick up depending on how the number compares with estimates.
Forex Flash: RBNZ currency intervention not always a success - Nomura
Recently, RBNZ Governor Wheeler made some comments confirming recent intervention by the RBNZ to weaken the Kiwi. The initial reaction was dramatic as the pair plummeted lower, but some analyst point out the pullback in NZD/USD represents a buying opportunity.