Switzerland Apr KOF Leading Indicator increase to 1.02 vs 1 in Mar

Apr 26, 2013

Forex: USD/JPY rebounds from 98.23 low on BoJ outlook report

The market is bouncing from 98.23 low following the BoJ outlook report, indicating a big change in inflation in Japan. The central bank expects +1.4% in FY2014 excluding sales tax and 1.9% in 2015, while 0.7% in 2013. This comes as a big upside move from the previous outlook. The rebound reached 98.80 area.

Forex: USD/CHF off lows after German, BoJ and Swiss data

The USD/CHF is stuck under a narrow range and trading lower on Friday, but has rebounded from its lows towards the opening price once German import prices data and BoJ outlook reports were published. The pair rose from 0.9424 low to 0.9446. The market is quiet at 0.9436 after Switzerland KOF leading indicator that rose from 1 (revised higher from 0.99) to 1.02 in April, beating 0.98 consensus.