00:00 China Bank holiday
01:30 Australia ANZ Job Advertisements (MoM) March +5.1% +1.4%
The dollar remained stronger against the euro following a three-week rally before the U.S. central bank releases minutes this week of the Federal Open Market Committee’s March meeting. The Fed is due to release on April 9 minutes of its March 18-19 meeting at which it reduced the monthly pace of bond buying by $10 billion to $55 billion. Fed Chair Janet Yellen said at that time that the central bank may start to raise borrowing costs “around six months” after ending its asset-purchase program.
Treasuries gained and the yen strengthened against the dollar on April 4 after U.S. Labor Department data showed payrolls rose 192,000 last month, compared with the 200,000 increase estimated by economists in a Bloomberg News survey. A decline in U.S. bond yields typically damps the allure of the greenback for Japanese investors.
Federal Reserve Bank of St. Louis President James Bullard is due to speak today.
Demand for the yen was limited as the Bank of Japan today starts its first policy meeting since the government raised the sales tax on April 1. Japan’s central bank may double purchases of exchange-traded funds in coming months, according to a Bloomberg News survey of economists. The BOJ will leave policy unchanged at the meeting that concludes tomorrow, the survey shows.
EUR / USD: during the Asian session, the pair traded in the range of $ 1.3690-00
GBP / USD: during the Asian session, the pair traded in the range of $ 1.6570-85
USD / JPY: on Asian session the pair traded in the range of Y103.15-40
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