ForexLive Asia-Pacific FX news wrap: Awaiting the US nonfarm payroll report | Forexlive

FX
ranges were relatively subdued during the session today with the
excuse du jour being waiting on the NFP.

USD/JPY
had a swing or two though, from highs just over 135.50 to lows not
quite hitting 135.00. Early in the session a Bank of Japan policy
board member was reported in Japanese media, Asahi, as saying the
Bank’s policy framework should be reviewed and this may involve
deciding if the 2% inflation target is too high. While there is no
change in Bank of Japan monetary policy imminent its difficult to
ignore the growing hints that its on the way.

In
data, South Korea headline inflation hit its lowest in 7 months, and
on the other hadn its core rate jumped to its highest since December
of 2008 (see bullets above).

We
had central bank speak from Bank of Japan Governor Kuroda, Reserve
Bank of Australia Governor Lowe and European Central Bank
President Lagarde. None of the remarks were really new or fresh and
impact was limited.