192
Trader, analyst and instructor with a 6-year experience

April 29: Asian session

Asian markets were mixed with investors trading cautiously. Concerns about Ukraine persist: US, EU, Canada and Japan announced fresh sanctions on Russian officials. US Federal Reserve starts a two-day policy meeting on Tuesday.

USD/JPY is trading in a tight 10-pips range around 102.50. Liquidity is thin on Tuesday as the Japanese market is closed due to public holidays. Bank of Japan will announce its policy decision on Wednesday.

Demand for commodity currencies is subdued. AUD/USD extended the decline, testing $0.9220 in early Asia. Falling iron ore prices keep on pressuring the Aussie. NZD/USD followed the AUD, weakening to $0.8520. New Zealand March trade balance came in line with expectations (920M), while the February reading was revised down to 793M.

EUR/USD strengthened to $1.3865, but remains below the yesterday’s $1.3880 peak. GBP/USD consolidates around $1.6815 after hitting a 4.5-year high yesterday. Markets are looking forward to the German CPI and the UK Q1 GDP in the European session.

Scroll to top