ForexLive Asia Wrap: USD/JPY a Gainer Today Ahead of the BOJ Meeting Next Week

The forex trading headlines for Asia trading today

Japanese PM Abe said today he expected the BOJ to fulfill its commitment to work towards the 2% inflation goal at their meeting next week
Australia: The RBA Financial Stability Review was released today
Australia: The RBA's Broadbent said the Australian dollar is likely to remain elevated
New Zealand ANZ March Business Confidence 34.6 (vs. 39.4 prior)
New Zealand ANZ March Business Outlook 32.4 (vs. 37.6 prior)
Dow Jones reported that uninsured Laiki depositors may face up to an 80% loss and a 6 to 7 year wait for payout
Headline that the BOJ is likely to start open-ended asset purchases as soon as meeting next week

EUR/USD had another quiet Asian session, but did lows a little ground in the Tokyo afternoon. There was much talk across the desks of a short EUR market and solid bids around 1.2825 holding it (barrier-related interest), but for all the supportive talk it traded heavily.

AUD/USD traded with an offered tone also, although like EUR the range was tight. The RBA's Stability Review, and Broadbent's comments, had little impact on a non-volatile day.

GBP and NZD both drifted a little lower with EUR and AUD also.

USD/JPY was the biggest mover today. There was no new news, with many pointing to an overnight article on Nikkei about Kuroda's comments before parliament yesterday as helping the yen weaken. As of writing USD/JPY is on its days highs around 94.85, with this level here, through to 95.00, attracting sellers and forming resistance.