FX & CFD trading involves significant risk
The yen showed signs of fatigue on Thursday after stepping back from recent peaks, while the greenback was supported by optimism the U.S. economy could bounce back after nearly stalling in the first quarter. Prime Minister Shinzo Abe on Wednesday warned Japan will act if necessary to weaken the yen, although many believe the bar is high for any market intervention.
The Australian dollar edged, helped by upbeat Australian data, including a better-than-expected rise in retail sales in March.
Traders said the focus now is on U.S. jobs data on Friday. If U.S. non-farm payrolls show an increase of more than 200,000, that could lend some support to the dollar, said Roy Teo, FX strategist for ABN AMRO Bank in Singapore.
EUR/USD: during the Asian session the pair traded in the range of $1.1480-95
GBP/USD: during the Asian session the pair traded in the range of $1.4495-20
USD/JPY: during the Asian session the pair traded in the range of Y106.90-20
Based on Reuters materials
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