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Saud’s OPEC Governor: Growing conviction that 6-month OPEC cut deal extension may be needed

Saudi Arabia's OPEC governor, Adeeb Al-Aama, was on the wires last hour, via Reuters, commenting on a potential OPEC oil  output cut deal extension.

Key Quotes:

"There's an emerging consensus among participating countries on the need to extend the production agreement reached last year"

"Based on today's data, there's a growing conviction that a six-month extension may be needed to rebalance the market, but the length of the extension is not firm yet" 

USD/JPY pares early losses, defends 112.00 handle for the time being

The USD/JPY pair extended previous session retracement from 113.00 handle and maintained its offered tone for the second consecutive session. The pair
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Hong Kong SAR Retail Sales: 3.1% (March) vs -5.7%

Hong Kong SAR Retail Sales: 3.1% (March) vs -5.7%
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