
There was some FX movement during the session here even as traders looked ahead to the US employment report due later on Friday. AUD and NZD were out-performers awaiting a news conference called in China by the State Planner, the National Development and Reform Commission of the People’s Republic of China (NDRC), and the People’s

USD/JPY had a sharp fall in very early Asia, dropping from circa 139.50 to lows under 138.90. The swings didn’t finish there, with lows for the session (as I write) under 138.75 before a move back up to above 139.50. Speculation swirled of a Bank of Japan ‘tweak’ to its yield curve control program. Yen