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Forex - Yen weaker, Aussie up ahead of central bank policy reviews

Published 10/06/2014, 07:07 PM
Updated 10/06/2014, 07:09 PM
Yen weaker in Asia
AUD/USD
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DX
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Investing.com - The Japanese yen was slightly weaker and the Australian dollar up a tad ahead of central bank monetary policy reviews in both countries on Tuesday.

USAD/JPY traded at 108.81, up 0.02%, while AUD/USD changed hands at 0.8768, up 0.05%.

The Bank of Japan and Reserve Bank of Australia are due to announce their policy decisions around the same time at 0330 GMT. Neither are expected to make any policy changes. At 1530 Tokyo time, BoJ Governor Haruhiko Kuroda hosts a regular post-meeting press conference.

Australia's AI Group construction index for September is due at 0930 in Sydney (2230 GMT). The index has been in expansion for three months in a row.

Also due is Japan's August indices of leading, coincident and lagging indicators due at 1400 Tokyo (0500 GMT). The coincident composite index (CI), which reflects the current business conditions, is expected to post the first fall in two months in August.

Chinese mainland markets remain closed. They are due to re-open on Oct 8.

Overnight, the dollar remained just below four-year highs against a basket of other major currencies in quiet trade on Monday as investors consolidated gains after a strong jobs report on Friday.

The US Dollar Index which tracks the performance of the greenback against a basket of six major currencies, was at 85.87, down 0.03%.

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