The Australian dollar fell as RBA March meeting minutes. There was not much to surprise in them, though there was an extended discussion on the risks posed by China (and the positives too, the RBA is inclined to be objective, to not simply (and lazily) focus on the negatives). The Australian dollar remained under pressure, managing a pop to just above 0.7520 before hitting new lows (from overnight trade).

The yen strengthened the most in a week after the Bank of Japan held policy steady as expected and offered a bleaker view of the country's economy in the face of lingering anxiety over slowing global growth. The BOJ also removed language from its statement that it would cut interest rates further into negative territory if needed, a little more than six weeks after it shocked markets by adopting minus rates in stepped up efforts to revitalize growth and stoke inflation.

GBP/USD: during the Asian session the pair dropped to $1.4265

USD/JPY: during the Asian session the pair fell to Y113.25