ForexLive Asia Wrap: No change from the RBA

Author: Eamonn Sheridan | Category: News

Yen was the mover today, with selling of EUR/JPY and USD/JPY in the morning down to bids around 124.25 and 92.00. Importer selling of Yen kicked in from here, taking it back up to around 124.95/00 and 95.50/55.

EUR/USD was heavy in a tight range, sitting around 1.3500 for most of the session.

AUD traded higher as we approached the 0330GMT RBA announcement. It popped up to 1.0450/55 highs after the announcement and then was hit immediately down to 1.0420/25 before some two-way activity and thence under 1.0400