Most Asian equities flashed red on Tuesday, pressured by losses in Chinese shares as investors evaluated China’s re-opening story in the face of negative economic and geopolitical forces.

Watch this space because the USDJPY could end April with a bang! Later this week, investors will be served a super combo of top-tier economic data combined with the Bank of Japan rate decision.

Asian shares finished mixed on Tuesday, shrugging off the initial boost from China’s better-than-expected Q1 GDP as signs of an uneven recovery stalled risk taking. The world’s second largest economy smashed forecasts by expanding 4.5% in the first quarter from a year earlier.

The next few days promise to be volatile for the S&P 500 thanks to fundamental and technical forces. After bouncing within a range for the past two weeks, the index could be waiting for a fresh catalyst to trigger a major bullish or bearish breakout.