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Forex news for Asia trading Friday 1 May 2020  Comments from US President Trump on China again today weighed on risk during the timezone here. Singapore and Hong Kong (and China) were all on holiday for the day, reducing FX liquidity to the main centres of New Zealand, Australia and Japan only.

An item (from a much longer piece) re ANZ's monthly FX outlook of interest to AUD and NZD traders:  – our forecasts still point to fairly broad USD support (bolding is mine)

Risk off flows dominate trading Stocks are lower and that is leading to risk off flows in the major currencies. Concerns about a trade war reigniting with China and push-me, pull-me anxiety of the coronavirus are the main concerns.  That has the JPY and CHF as the beneficiaries (and strongest currencies) and the AUD and […]

EUR/USD pushes to a session high of 1.0990, highest level since 15 April Although the surge higher yesterday owed to month-end fixing flows, the near-term technical bias in the pair had been more bullish and the move took out key resistance around 1.0880-00, in the pair over the past two weeks.

USD/JPY falls under 107.00, tests waters below the 100-hour moving average See here for global coronavirus case data The lows seen this week stalled around @ 106.45 and that is the level that gave buyers an area to lean on before month-end flows saw the pair surge to a high of around 107.50 in trading […]

GBP/USD is retracing its overnight gains on the day See here for global coronavirus case data The pair saw a wild run higher from levels just under 1.2500 to hit a high of 1.2643 in overnight trading, as month-end fixing flows drove wild moves in the currencies market.

AUD/USD is down 0.8% on the day to 0.6460 See here for global coronavirus case data The topside momentum ran into the 100-day MA (red line) and sellers put up a firm defense of the level, driving price back lower and under 0.6500 in trading today.

New highs for the USDJPY The USDJPY is trading to a new session high. And in the process is testing its 200 hour moving average at 107.288. The price is currently trading at 107.30.

Trades to the highest level since April 17 but new high fails The price of crude oil reached a high of $18.62. That took out last week high price of $18.26 and took the pair to the highest level since April 17, right before the plunge on April 20. However, momentum could not be maintained above that level and [&h

The only expiry of note is at a strike price of 1.0900 in EUR/USD for 630m euro amount. A little further out, on Monday is  – 1.9bn AUD expiry in AUD/USD at 0.6530