- Australian motor vehicle sales sales fall 3.2% in March.
- Japan Retail Investor Sentiment Index jumps arecord 54 points in April.
- SNB’s Roth says current situation for Swiss Banks not bad.
A quiet day with EURUSD trading in a mere 30 pip range. USDJPY saw constant selling pressure throught the day, however bids at 97.50 held and support via EURJPY also helped. Late afternoon saw some EURJPY buying from at least two major Japanese players lifting it back above 127.00 and lifting USDJPY slightly off the lows.
AUDUSD has been sold off all day with good selling interest coming in the form of AUDJPY and straight AUDUSD selling by a local fund manager. Exporter business and AUDNZD bids did however help the AUDUSD to hold above 70c, retracing back up thru 7050 in the afternoon catching out the weak shorts.
Ranges:
AUDUSD 7028 – 7080
EURUSD 1.2978 – 1.3011
GBPUSD 1.4441 – 1.4491
USDJPY 97.60 – 98.20
EURJPY 126.78 – 127.74
Goodluck,
Sam