Asia Session Recap

Daily Forex Fundamentals | Written by Forex.com | Apr 03 09 03:53 GMT |

The final Asia session of the week was once again all about USDJPY and the JPY crosses. After initially shooting higher on JPY weakness and traders willing to take on risk, the pairs steadily gave back a decent chunk of their gains. After finally popping back through the 100 mark briefly, USDJPY quickly sold off nearly 50 pips. EURJPY too saw almost a 100 pip run up before investors began taking some risk off the table, sending the pair spiraling lower back toward the day's low. The US jobs number will likely dominate traders motives in the hours ahead. Most of the market is expecting very little position taking into the NY session. Wild gyrations will likely only be caused by lack of liquidity. Forex.com http://www.forex.com DISCLAIMER: The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase of sale of any currency. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.