Forex news for Asia-Pacific trading on June 8, 2016:
Markets:
– JPY leads, AUD lags
– Gold up $4 to $1247
– Japanese 20-year bond yields hit record low at 0.205%
USD/JPY started at 107.35, fell to 106.75 and then climbed almost all the way back. Flows were the main driver of the decline but the GDP numbers cooled speculation about more BOJ action this year. The rebound came with the Chinese trade data. The better imports were seen as a good signal for the global economy.