ForexLive Asia FX news wrap: Small ranges also little net change for major FX again

Forex news for Asia trading
for Thursday
8
April 2021

It
was another lacklustre day for a major forex pairs with a small net
drop for yen crosses a result of a lower USD/JPY also a mixed
performance for currencies against a USD otherwise. Cable has
managed to add a tiny few points, while CAD is a touch softer.
AUD/USD also NZD/USD are barely changed on a session, as is EUR/USD.

News
flow was very light with nothing much of impact. Japanese media did
report new restrictions are being considered once again for Tokyo
(also some another areas) which was cited for some weakness inside Japanese
stock indexes. Data flow, too, was non-impactful, New Zealand’s
flash business survey showed softer (again) business confidence.

Regional
equities:

• Japan’s
  Nikkei -0.4%, Topix -0.8%

• China’s
  Shanghai Composite -0.1%

• Hong
  Kong’s Hang Seng +0.7%

• Australia’s
  S&P/ASX 200 +0.99%

Fed Chair Powel is speaking later Thursday (see bullets above)