The forex trading headlines for Asia trading today
Australia – AIG March services PMI showed improvement but is still in contraction territory, in at 49.6 (vs. 48.5 prior)
Australian building approvals for February +3.1% m/m (vs. +2.5% expected)
Australian building approvals for February +12.8% y/y (vs. +14.3% expected)
Australia February retail sales +1.3% m/m (vs. +0.3% expected)
North Korea maintained its ban on entry into Kaesong industrial zone for a second day
Very little to report on the currencies today - it was a waiting game in the Asian timezone ahead of the announcement from the BOJ. We're still waiting on it as of typing. Also, there is Kuroda a press conference scheduled for 0630GMT.
EUR/USD had little more than a 10-point range around 1.2845.
GBP/USD also had a nothing range, around 1.5135.
AUD/USD rallied back into its 1.0480/1.05 resistance zone on the back of much better than expected retail sales and building approval data. It was a holiday in China today, which kept the AUD quieter than it might otherwise have been too.
USD/JPY had a constrained 30 point range. Interest was diminished as the market awaited the BOJ decision.
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