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

Related Articles
  1. Forex Education

    Four Currencies Under the Spotlight in 2016

    With currencies having become the “tail that wags the dog,” in terms of their impact on the global economy, these four currencies will be under the spotlight in 2016.
  2. Forex Fundamentals

    These Currencies Are The Biggest Losers Of The Stock Downturn

    Here’s a list of the hardest-hit currencies amid the global stock market mayhem.
  3. Forex Strategies

    Will the Euro Continue to Rally? (EUO)

    The euro is rallying. Should investors chase this performance or is the real opportunity on the other side of the trade?
  4. Investing News

    China’s Forex Reserves Dropped Significantly

    China’s forex​ reserves dropped by a record $93.9 billion at the end of August to $3.56 trillion because the Central Bank has been selling dollars to provide a cushion to the falling yuan​
  5. Forex

    The Pros and Cons of a Fully Convertible Rupee

    Amid the rising economic power of India, the talks of making the Indian currency fully convertible are gaining momentum. We look at the pros and cons.
  6. Forex Fundamentals

    Chinese Yuan an Unlikely Reserve Currency

    As the world's second largest economy, China's challenge to America’s dominance includes a push to make the yuan (RMB), the world’s reserve currency. Whether it can do that now is unclear.
  7. Economics

    How Currency Enforcement Helped Sink The Trans-Pacific Partnership (TTP)

    One particular barrier to trade that has received much attention of late and caused delays in negotiations of the TPP is exchange-rate manipulation, by which a country artificially devalues its ...
  8. Forex

    Top U.S Forex News Sites

    Breaking news moves forex markets. Here are the top U.S. sites for tracking forex news.
  9. Investing

    Financial News Comparison: Bloomberg Vs. Reuters (BAC, GOOG)

    Access to financial information has grown with the expansion of digital news. Bloomberg and Thomson Reuters lead the pack, claiming a majority of the business information market.
  10. Economics

    Who Benefits From South Korea's Lowered Interest Rates?

    South Korea is the latest country to cut interest rates in an attempt to stimulate economic growth.
Trading Center