ForexLive Asia FX news wrap: Small ranges and little net change for major FX

Forex news for Asia trading
for Wednesday
7
April 2021

There
has been little net change for major pairs during the Asian session
so far although there have been some minor gyrations. USD/JPY dropped
from highs just shy of 109.90 to under 109.60 before tracking back to
be barely net changed as I post. Yen
crosses declined with the earlier dip as most currencies gained a few
points against the big dollar before they too retraced; AUD, NZD,
GBP, CAD are all a little softer now against the USD as I update, but
the net changes are all marginal.

Data
releases were of lower-tier importance and there was little news of
impact either. A potential takeover bid for Toshiba (emphasis on
potential at this stage) was about as exciting as it got.

Gold
lost a few dollars after its better session on Tuesday. 

Regional
equities:

  • Japan’s Nikkei barely changed, Topix +0.3%

  • China’s Shanghai Composite -0.7%

  • Hong Kong’s Hang Seng -0.88%

  • Australia’s S&P/ASX 200 +0.17%

Forex news for Asia tradingfor Wednesday7April 2021
Source

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