Forex news for Asia trading Monday 11 April 2016
– China passenger car sales +7.8% (March) y/y (-3.7% in February)
Weekend:
Yen strength again today, beginning in the early goings on during the NZ morning, with USD/JPY dropping under 108.00, comments from ex-BOJ board member cited (see bullets above). It reversed over the following couple of hours back toward 108.30 but as the Tokyo morning got underway the move was lower again, to circa-107.60 and then another bounce, while the Nikkei showed a bit of life, coming back from its earlier lows (but still negative on the session so far). A volatile sort of Asian session for it thus far.