The pair is likely to trade in a tight range today in Asia, with investors refraining from taking fresh positions ahead of this week’s policy board meeting by the Bank of Japan. The BOJ will hold the first policy board meeting on April 3 and 4 under the governorship of new chief Haruhiko Kuroda and it is widely expected to decide on additional monetary easing. BOJ Governor Kuroda has repeatedly said he would explore all available policy option to help Japan achieve a 2% consumer inflation target. BOJ will release quarterly Tankan survey on business sentiment today.
EasyForexNews Research Team