Asian session: The dollar is gradually restored [M]

USD strengthened by the end of the Asian session having overcome Y112.00 against yen and $1.2750 against EUR. USD is now supported against yen with decrease in commodity prices.
While the EUR continues to fill negative influence by comments of Finance Minister of France Terri Breton made last week and growing expectations of rate hike in USA. However the further USD strengthening while looks inconvenient.
"USD/JPY may not reach Y112.50, as exporters sales be strong.
The export-focused companies are going to hedge profits for the period from July till September, therefore they will sell dollar in a range Y112 - Y113 " - said Osamu Takashima, the chief currency strategy in Bank of Tokyo-Mitsubishi UFJ.
Mizuho expert do not exclude rate increase to Y113.00 this week as American bonds demand increase and fixing of short dollar positions. However they do not assume, that market players now look positive on long-term rate prospects. "It's too early to say that the USD will come back to the uptrend ", - says expert from Mizuho Corporate Bank.
Currency strategies from National Australia Bank agree and advise to sell dollars from Y114.00. Experts NAB predict Yen rise to Y108.00 till the end of September.

EUR/USD started to decrease with $1.2760. Bids on $1.2750 could not support the rate and EUR tested $1.2728. Later the rate returned to $1.2750. GBP/USD started to decrease from $1.8760 and tested a strong support $1.8700. Bids helped the rate to rebound to $1.8740. However strengthening of dollar has recoiled sterling on $1.8670.
USD/JPY broke Y111.75 due to fixing by Japanese investors. The rate triggered stops near Y112.00 and made session high on Y112.35, and then rebound to Y112.00.

The important economic data today is not expected. Among the European data there will be March Trading balance. It is obvious, that this report will not be a key for strong movements in the market.