Currency Analyst since 2010

April 4: Asian session

Currency market is quiet ahead of today’s Non-Farm Payrolls release in the US (12:30 GMT).

USD/JPY is flat at 103.90, below yesterday’s high at 104.11. US dollar traded near the highest level in 10 weeks against the yen before the US is forecast to report the fastest jobs growth in four months (consensus forecast for NFP is close to 200K).

AUD/USD edged up to $0.9245. NZD/USD rose to $0.8555 after dipping to $0.8513 yesterday.  NZD was set for the biggest weekly drop in 2 months.

EUR/USD edged down approaching $1.3700. The euro touched the lowest in a month against the greenback yesterday after European Central Bank President Mario Draghi strengthened his pledge that policy makers were ready to take further steps to counter any risk of deflation. GBP/USD slid to $1.6580, but is a bit above yesterday’s low.  

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