Forex news for Asia trading Tuesday 1 March 2016
– South Korea Exports (Feb): -12.2% y/y (expected -16.6% previous -18.8%) & – Imports Feb: -14.6% y/y (expected -16.0% prior -20.0%)
The yen was bought heavily in post-US trading but pre-Tokyo time. That’s the thinnest liquidity time of the 24-hour cycle and the move was sharp. USD/JPY hit stops below 112.60 and EUR/JPY hit a 3-year low as it triggered sell stops also. Other yen crosses were hit too.
ForexLive Asia FX news wrap: After the PBOC lower the RRR, RBA stays on hold
