FXStreet (Bali) - The Pound was the best performer in Asia, with the US Dollar also making some small progress to simply adjust indicators off oversold territory.

BoE Carney, right at the close of NY markets, threw a bombshell by saying that the Central Bank may start raising rate before the market expects. The explicit comments had an immediate effect on the Sterling's price action, which took off to never look back again (just like the NZD did after the RBNZ rate hike on Thursday). GBP/USD broke above the 1.6950, posting a high of 1.6965.

AUD/USD, after printing its highest since mid April at 0.9436, it retraced back down, seeking to test bids parked just ahead of 0.94. USD/JPY recovered until faced with supply circa 101.80, with the BoJ policy announcement being a no-mover for all things Yen. The market now awaits the press conference by Governor Kuroda, as to gauge new clues on policy directions. The rest of G10 currencies did not have major changes.

Main headlines in Asia

BoE’s Carney could hike rates sooner than markets expect

Actions to tackle housing risks considered - BoE Carney

New Zealand Business NZ PMI dipped from previous 55.2 to 52.7 in May

Japan threatens China's air space, Chinese envoy says

BoJ announces no change in policy

You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/JPY Technical Analysis: March Top Under Pressure

  2. Forex News

    EUR/USD Technical Analysis: Sellers Overcome 1.10 Figure

  3. Forex News

    GBP/USD Technical Analysis: Selloff Stalls Above 1.54 Figure

  4. Forex News

    USD/JPY testing fresh 2-months highs near 121.80

  5. Forex News

    Trading Video: Not a Clean Break for EURUSD or EURJPY

Trading Center