Japan's Suga: Japan will firmly implement policy for fiscal and economic growth –BBG
The Australian Dollar rallied ahead of the RBA meeting, but the reaction to the decision was rather subdued as the central bank kept its rates unchanged, as expected. The monetary policy statement did not contain any surprises either. The rally in the AUD pushed the New Zealand Dollar higher as well. NZD/USD rose form 0.73 in the early Asian session to a high of 0.7325. Meanwhile, volatility in USD/CAD has decreased again, after a sharp move in Oil prices yesterday led to a CAD rally. USD/CAD traded in a 1.2915-35 range overnight.
EUR/USD started the day around 1.1150 and was caught in a 1.1140-60 range in Asia. GBP/USD opened at 1.3295 in Sydney and rallied to a high of 1.3325 later in the session. Resistance in the 1.3360-80 area proved to be difficult yesterday, but if it can clear that area, there is not much resistance until 1.35.