ForexLive Asia-Pacific FX news wrap: Minor moves for major FX | Forexlive

Its
been a day of fairly small ranges across major forex rates with
little data nor fresh news to impact here during the timezone.

Bank
of Japan Governor Ueda appeared in the Japanese parliament and once
again said it wasn’t the time to be reducing policy accommodation.
I’m taking his extensive remarks today and in previous days to
indicate little prospect of any substantial change to policy at the
Bank of Japan meeting coming up later this week (the Statement is due
Friday around 0230 to 0330 GMT or so). Maybe that’s naive given the
surprises that the BOJ have dropped with zero warning, most recently
the widening of the 10-year JGB yield band tolerance back in December
of 2022.

Anyway,
back to the wrap, there isn’t a lot to report from the timezone.

Australian
and New Zealand markets were closed today for the ANZAC Day holiday.

A
huge US earnings week is keeping US stock indexes on tenterhooks and
in subdued ranges. Spilling over into Asia too.

Asian
equity markets: