April 22: Asian session
Most Asian stocks rose as US equities capped their longest stretch of gains since October and the yen extended losses, boosting the outlook for Japanese exporters. Markets in Australia, New Zealand and Hong Kong resume trading after holidays, ahead of a report on Chinese manufacturing due tomorrow. MSCI Asia Pacific Index added 0.1%.
USD/JPY is trading in the 102.55/70 area. The greenback remains supported before data forecast to show continuing improvement in the US economy. Today America will release existing home sales data (14:00 GMT).
Both AUD and NZD gained a little ground, with AUD/USD rising by 40 pips to $0.9355 and NZD/USD touching $0.8590. Looking ahead, Australian inflation numbers, China’s manufacturing PMI and the RBNZ policy meeting over the next two days will attract market attention. Gold is trading under a slight bearish pressure around $1287.5.
EUR/USD is right under $1.3800, while GBP/USD is just below $1.6800.