4 Apr 2014
Asia Recap: Quiet market ahead of NFP
FXStreet (Bali) - The Asian session developed in a very slow rhythm ahead of the US NFP, with G10 currencies contained in tight ranges.
The AUD/USD saw an early rise to 0.9240, but low interest to participate in the run led to price retracing back to stabilize around 0.9035.
The USD/JPY also traded in a very small range, continuing to hold onto recent gains just below the 104.00 mark, in what is perceived as a constructive market for the bulls, especially after the recent technical breakouts seen this week.
All eyed will be focused on the US jobs numbers today, an outcome which will help gauge the direction the US economy is heading, but most importantly, the impact it might have on how the Fed perceives upcoming monetary policy decisions.
The AUD/USD saw an early rise to 0.9240, but low interest to participate in the run led to price retracing back to stabilize around 0.9035.
The USD/JPY also traded in a very small range, continuing to hold onto recent gains just below the 104.00 mark, in what is perceived as a constructive market for the bulls, especially after the recent technical breakouts seen this week.
All eyed will be focused on the US jobs numbers today, an outcome which will help gauge the direction the US economy is heading, but most importantly, the impact it might have on how the Fed perceives upcoming monetary policy decisions.