Tuesday, April 22, 2014

Epic Research Singapore : Forex Market Update

The dollar held steady in Asia Tuesday ahead of US jobs data, while the yen was under pressure after a record Japanese trade deficit boosted speculation of more central bank monetary easing.

In Tokyo late morning trade, the greenback fetched 102.66 yen, slightly up from 102.62 yen in New York on Monday.

The euro bought 141.61 yen against 141.58 yen while it was nearly unchanged at US$1.3793 from US$1.3794 in US trading.

"The dollar remains firm, especially against the yen after Japanese trade number disappointed,"

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