ForexLive Asia FX news: USD/JPY drops under 106 (a few tics)

Author: Eamonn Sheridan | Category: News

Forex and Bitcoin news for Asia trading Friday 2 March 2018

After the big moves during the US time zone currencies took a breather here in Asia, with smallish ranges pretty much across the board.

The yen edged itself a little higher, with USD/JPY dropping under 106 briefly, and only by a little. With others relatively stable against the USD, yen crosses declined.

USD/CHF is a touch lower on the session and EUR and GBP have also eked out tiny gains against the big dollar. There will be more Brexit related guff coming up from the UK today (there is every day, right?) - UK PM May is to speak.

NZD is a few points to the better against the dollar - there was some stronger data from the country earlier on which may have helped it along a little. AUD and CAD are both little net changed on the session.

Bitcoin continued its gains, back above 11,000 USD. I'm gonna need a new hat.

Regional stock markets followed on from the slide in the US, lower. The Nikkei is down more than two and a half percent, ugly.  

Hello Nikkei, how was your week? Oh, forget I asked .... 

Still to come:

And, join me on the Asian time zone next week for a huge one! We get policy statements from both the Reserve Bank of Australia (Tuesday March 6) and the Bank of Japan (meeting Thursday and Friday, the 8th and 9th, announcement on Friday). What's that you say? Both to remain firmly on hold? Sshhhh - I'm trying to get some interest going ;-)

And, don't forget first thing Monday! Political risk for the euro coming up real soon - Italy election March 4

Have a great weekend all!

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