ForexLive Asia FX news: USD/JPY edges higher

Forex and Bitcoin news for Asia trading Thursday 5 April  2018

It took quite some time AsiaFX to get a wiggle on today, early movement was very limited indeed but as the session progressed we saw continuation flows out of yen and a benefit for the USD.

There was little in the way of fresh news, nor was the data flow today impactful. China and Hong Kong were both out on a holiday and will be absent again on Friday.

USD/JPY sat around 106.75 and thereabouts from late US into mid Tokyo morning when it began to tic up very slowly. As I update it is on just shy of 107

USD/CHF has moved a little higher also, while EUR/USD moved toward 1.2290 before slipping back to be little changed. Cable popped 1.4090 beirfly and is also little changed on the session.

CAD had added a few points in late US trade and found a few more in the tank (just a dribble) before crawling back above 1.2760.

From Australia we got trade balance data – a smaller surplus than the previous month but better than expected and gas exports are moving higher (and will continue to contribute strongly to exports). AUD/USD popped 0.7720 but there is a big band of resistance around 30/40 (stops above) which halted its advance and its on session lows back around 0.7700 as I post. NZD/USD ha a similar pattern, higher and back on session lows now (lower tier data from NZ today was supportive).

Still to come: