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

It
was a very quiet day for fresh news of relevance to markets, and data
points were of lower-tier importance only. FX rates moved in very small ranges only.

Goldman
Sachs were out with a note saying they have increased confidence that
Congress won’t have to act on raising the US debt limit until late
July. GS cite a surge in tax collections surrounding the April 18
filing deadline in their reasoning.

In
other debt ceiling news, the US House passed its spending cut/debt
limit bill. It stands zero chance of passing the Senate but the good
news is that its another step forward in negotiations. Its also
indicative of how much support the Tea Party faction of the US
Republican party has lost, Kevin McCarthy, House majority leader, only
saw 4 of his House party members vote against the bill.

Asian
equity markets:

• Japan’s
  Nikkei 225 -0.2%

• China’s
  Shanghai Composite +0.3%

• Hong
  Kong’s Hang Seng +0.1%

• South
  Korea’s KOSPI +0.04%

• Australia’s
  S&P/ASX 200 -0.4%

Tomorrow we get the April Bank of Japan policy decision. Its Governor Ueda’s first meeting in the big chair.