United Kingdom Apr BRC Shop Price Index (MoM) decreases to 0.4% vs 1.4%
May 7, 2013
Forex: USD/JPY closes slightly higher as pair edges back towards 100.00
The USD/JPY closed the session up higher up 15 pips at 99.32. Although Japanese markets will re-open in the coming Asia session, economic data from the region will remain light until later this week. Economic releases out of the US will also be light in the coming session.
Big day ahead for the Aussie with plenty of data, including the RBA rate statement at 04:30 GMT. AUD/USD is last trading at 1.0249, off fresh session lows printed in early NY trade at key support level 1.0222. The pair is down -0.68% for the week so far, with "Big hedge funds were sellers again in overnight trade,” reported FXWW founder Sean Lee. “Some of the big macro funds have been consistently selling AUD/USD over the last few months,” he adds. “Looks like they are getting more confident that a rate cut is coming!," says Sean.