Forex. Review of trades in Asia

The dollar fell against the yen in Asian trading session on Thursday, after data on economic growth of China is not met expectations of market participants, showing the GDP growth for the first quarter to 6.1% annualized. This is the lowest value over the past two decades. "At the last minute, traders set up to positive figures. Some had expected that the growth of Chinese economy will reach a level of 8%," - noted dealers Mizuho Corporate Bank. Thus the importance of 6.1% pushed many to buy yen, as a less risky currency. In addition, many expected that China will announce additional incentive measures, which did not happen. It also alienated investors bullish fervor. Today, the focus will be on the records of financial sector in the United States, as well as a number of fundamental publications. According to dealers, the dollar may be substantially to pass the position on the background of the negative indicators, as many expect to see signs of recovery in the U.S. economy. "If you will be good data, the market reaction will be muted, however, with negative rates dollar may fall against the yen to 97.00 and below."