Forex news for Asia trading Friday 01 July 2016
A skittish market today, with a decent size fall for USD/JPY and rallies for gold, silver, AUD and NZD.
USD/JPY popped above 103.30 in early Asia but didn’t sustain there. As the Tokyo morning got underway USD/JPY steadily dripped lower, back under 103 again and down near 102.80 as I update. We got plenty of data from Japan today, a disappointing CPI (as usual), falling household spending (as usual) and a lacklustre Q2 Tankan report from the Bank of Japan.