The state of the Asia-Pacific market

Trades in the Asia-Pacific sites are very restrained after the meeting of the world’s Central Bank. The main leader of growth in the Asian session is the Japanese yen, which got support from Tankan statistics. In this statistics the sentiments of major Japanese producers rose to a historical maximum. As a result, the Japanese currency accelerated growth across the entire spectrum of the market. The high level of risks remaining on the market after the Central Bank’s protocols, which contributed to the growth of the yen earlier, is an additional factor of strengthening.

The dynamics of the US currency remains in the phase of the upward correction after the meeting of the US Federal Reserve, which is limited by the risks associated with the tax reform in the US. Despite this, attempts to restore the uptrend on the US dollar index remain significant, limited only to resistance levels of 93.500-600. Support is located at the level of 93.300-200.

Graph of the US dollar index. The current price is 93,500.

Hanzenko Anton