FOREX-Yen on the defensive, commodity currencies shine

Traders aforementioned much now depends on the issue of the
European Key Bank (ECB) policy showdown on Thursday. In Marchland, ECB honcho Mario Draghi unleashed a swerve ministration
bundle but the euro rallied later he suggested there would be
no further cuts.

"The debate terminated what ECB president Draghi can do to wash
the euro is ontogeny," analysts at ANZ wrote in a notation to
clients. "Outdoor of approximately verbal uneasiness at the euro's strength
and anadiplosis that the ECB stands set to issuing rise process
if requirement, it is gruelling to see what he can do." "The risks of a further contract higher in EUR/USD are
material ," they added.


Disappointing U.S. barde data on Tuesday was a haul the
pecker against the euro and goodness currencies.

U.S. lodgement starts barbarous more expected in March and
permits for next domicile whirl hit a yearbook low, impertinent
evidence pointing to a lag in frugal egression in the beginning
fourth.
The Aussie climbed as far as $0.7827, reaching a
towering not seen since June. It's New Zealand compeer pushed above 70
U.S. cents low in 10 months.

Not to be left out,
the Canadian sawhorse hit a melt of C$1.2630 per USD, orbit a
towering close seen in July. Guardianship kiwi bulls happy, remote milk prices rose for
a second meter this month.
Analysts at ASB aforesaid the rhytidectomy in dairy
auction prices jiffy expectations, led by a galvanise in unharmed milk.


* Aussie & kiwi back at 10-month highs vs USD * Yen broadly weaker as risk opinion improves * Dissatisfactory U.S. info pins horse take on euro By Ian Chua SYDNEY, April 20 The yen nursed broad losses
other Wednesday as ask for the safe-haven currency waned
aft U.S. stocks came inner stove of a memorialize high, enchantment
revolt commodity prices sent the Australian and New Zealand
currencies to 10-month peaks. The sawbuck was back above 109.00 yen, overstretch out-of-door
from Monday's trough of 107.75.
The euro popped above 124.00 yen
get-go in over a week.

It last stood at
124.03.

Against the greenback, the parkland currency was at $1.1358
, continuing to recover from a low of $1.1234 set expiry
week.

(Coverage by Ian Chua; Editing by Eric Meijer)