Japan’s Finance Minister Taro Aso said on Thursday he had expressed deep concerns to U.S. Treasury Secretary Jack Lew over one-sided currency moves that earlier this week saw the yen hit its strongest levels in more than 17 months against the dollar. Aso met with Lew on the sidelines of a Group of 20 finance ministers’ meeting in Washington that is expected to put currency policies high on the agenda.
China’s economy grew at its slowest pace in seven years in the first quarter, however, indicators from the country’s consumer, investment and factory sectors point to nascent signs the slowdown in the world’s second largest economy may be bottoming out. Official data on Friday showed gross domestic product (GDP) grew 6.7 percent in the first quarter from the previous year, in line with analyst forecasts and easing slightly from 6.8 percent in the fourth quarter.
EUR/USD: during the Asian session the pair traded in the range of $1.1250-65
GBP/USD: during the Asian session the pair traded in the range of $1.4130-50
USD/JPY: during the Asian session the pair rose to Y109.70
Based on Reuters materials
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