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Trader, analyst and instructor with a 6-year experience

Apr. 8: Asian session

Asian markets were trading mixed with MSCI Asia Pacific losing 0.4%. China stock indices gained some ground. Japan’s Nikkei 225 lost another 1% in the session. As expected, the Bank of Japan kept monetary policy steady, pledging to increase monetary base at annual pace of 60-70 trln yen. The regulator confirms that Japan’s economic recovery continues. Watch the BoJ press conference at 6:30 GMT. USD/JPY dipped below the 103.00 mark, but found support at 102.70 (100-day MA).

Commodity currencies were in demand in the Asian trade. AUD/USD strengthened to $0.9290. Aussie still holds below the major resistance of $0.9300/10. NZD/USD jumped by 50 pips into the $0.8640 area. Upbeat domestic data support expectations of an RBNZ rate hike. Gold recovered to $1300, but the upside still remains limited by this round figure.

EUR/USD consolidates around $1.3740. GBP/USD is trading in the green zone around $1.6615. Watch the UK manufacturing production in Europe. 

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