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Daily Report: Dollar and Yen Start the Week Mildly Lower
Dollar and yen open the week mildly lower as last week's risk appetite trend extends. Aussie edges to new record high above 1.04 against dollar while USD/CAD also dips through 0.962. The BOJ released the 'post-earthquake' Tankan survey today, separating responses received from February 24 to March 11 and from March 12 to March 31. While forward-looking business sentiment for the second quarter was weakened after the earthquake, the headline diffusion indices (DIs) was largely unchanged before and after the natural disaster.
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