The Japanese yen held slightly stronger in Asia on Friday after the
death of Saudi Arabia's King Abdullah, a key U.S. ally on diplomacy and
oil policies that raised questions about whether the succession plan
would keep the bonds tight, and ahead of a closely-watched survey of
China's manufacturing sector.
USD/JPY traded at 118.48, down 0.03%, on safe-haven buying, while AUD/USD held at 0.8034, up 0.14%. EUR/USD traded at 1.1360, down 0.02%.
First up, the HSBC China flash manufacturing PMI, which is closely tracked by the market, could be a key event for risk sentiment.
This is due at 0945 local time (0145 GMT). There's not much chance of a significant improvement in the headline reading over December's fall to a seven-month low of 49.6.
Then in Japan, at 1300 Tokyo time (0400 GMT), Japan's former economic and fiscal policy minister, Hiroko Ota, speaks on the outlook for the Japanese economy and
Abenomics at the Foreign Press Center.
Overnight, the dollar climbed to fresh 12-year highs against the other major currencies on Thursday, after the release of relatively positive U.S. jobless claims data and as the European Central Bank announced a large scale quantitative easing program.
Read more Click here / www.trade4x.net
USD/JPY traded at 118.48, down 0.03%, on safe-haven buying, while AUD/USD held at 0.8034, up 0.14%. EUR/USD traded at 1.1360, down 0.02%.
First up, the HSBC China flash manufacturing PMI, which is closely tracked by the market, could be a key event for risk sentiment.
This is due at 0945 local time (0145 GMT). There's not much chance of a significant improvement in the headline reading over December's fall to a seven-month low of 49.6.
Then in Japan, at 1300 Tokyo time (0400 GMT), Japan's former economic and fiscal policy minister, Hiroko Ota, speaks on the outlook for the Japanese economy and
Abenomics at the Foreign Press Center.
Overnight, the dollar climbed to fresh 12-year highs against the other major currencies on Thursday, after the release of relatively positive U.S. jobless claims data and as the European Central Bank announced a large scale quantitative easing program.
Read more Click here / www.trade4x.net
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