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07.03.2016 07:20

Asian session: The U.S. dollar was slightly lower against the yen


The U.S. dollar was slightly lower against the yen during the Asia trading session Monday.

The European Central Bank's board members are expected to meet Thursday, when the central bank is expected to push a key interest rate even further into negative territory. Meanwhile, the Bank of Japan and the U.S. Federal Reserve are scheduled to hold policy meetings next week.

The Australian dollar fell as Australian job advertisements fell back in February, adding to signs that the breakneck hiring spree seen in the second half of 2015 may cool in the month ahead. According to the ANZ, job advertisements fell by 1.2% to 154,748 after seasonal adjustments, leaving the number at the lowest level seen since October last year. Despite the mild decline registered in February, advertisements still grew 8.2% from 12 months earlier.


EUR/USD: during the Asian session the pair traded in the range of $1.0980-00

GBP/USD: during the Asian session the pair traded in the range of $1.4195-25

USD/JPY: during the Asian session the pair fell to Y113.50


German factory orders at 07.00 GMT is the only release of note but we do have the latest Eurogroup meeting taking place to provide some rhetoric/hot air. Two US Fed talking heads later.

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