April 29: Asian session

USD/JPY slipped to 97.35 amid thin markets with Japan and China closed for a holiday, but later recovered to 97.80. 

AUD/USD soared from $1.0275 to $1.0335. Aussie was supported by Australia PM Gillard's comments about future current account surplus. NZD/USD rose to $0.8530. Markets are looking forward to the FOMC meeting on Wednesday.

EUR/USD opened the week with a gap up and strengthened to $1.3080 on the news about Italian new government formation. Italian 10-year bond yields fell below 4%. GBP/USD touched a fresh 10-week high at $1.5525. USD/CAD dropped to 1.0140.

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