Forex news for Asia trading Monday 4 April 2016
Weekend:
USD/JPY and AUD/USD the movers today in Asia, both to the downside.
The part of the quarterly Bank of Japan Tankan report showed declining inflation expectations and gave a boost to chatter of the potential for further BOJ monetary policy stimulus at the upcoming April meeting (27th and 28th). USD/JPY didn’t seem to get the memo though, dropping away to lose nearly 50 points from its session high today (though its rebounded a little).