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17 Apr 2013
Session Recap: USD wins, JPY & AUD lose
FXstreet.com (Barcelona) - Quiet session again in Asia-Pacific with USD recovering part of the loses from yesterday's biggest single day decline since Jan 11. AUD/USD has dipped to 1.0340 after being rejected for three times below the 1.04 handle, while USD/JPY managed to climb to 98.30 highs triggering few stops there.
Local share markets traded in a mixed way with Nikkei index up +0.95%, and Shanghai composite down -0.64%, while Gold and Oil held pretty much unchanged. Big winner for the session is USD, while big losers are the Yen and the Aussie.
In the data front New Zealand CPI came in exactly in line as expected at +0.4% q/q and +0.9% y/y while Westpac leading index showed a third consecutive improvement at +0.6%. The RBNZ has room now with this data to keep rates unchanged for longer, while speculation on a possible RBA intervention needed in order to ease AUD exchange rate is starting to make the rounds.
Main headlines in the Asian Session:
Larry Fink says yen slide is over
Australian treasurer Swan: IMF reaffirmed the resilience of the Australian economy – Australia outperforming
Forex: EUR/USD tests 1.3200; Seems there is room for further gains
Australia morning press: RBA might have to consider intervention, cap
Japan PM Abe sneaking up on July elections
Forex: EUR/JPY 400 pips above yesterday's lows
Forex Flash: BOJ plan not significantly more aggressive than Fed’s QE - Nomura
New Zealand CPI Q1 offers no surprises
Forex: EUR/USD forcing sellers out; 1.3110/40 new buyers stronghold
Commodities Brief: Crude Oil WTI shrugs off early losses, finishes higher after volatile session
Forex: USD/JPY adds to gains during Asia session, resistance at 98.50 in focus
Forex: AUD/USD rejected from 1.04 resistance
Local share markets traded in a mixed way with Nikkei index up +0.95%, and Shanghai composite down -0.64%, while Gold and Oil held pretty much unchanged. Big winner for the session is USD, while big losers are the Yen and the Aussie.
In the data front New Zealand CPI came in exactly in line as expected at +0.4% q/q and +0.9% y/y while Westpac leading index showed a third consecutive improvement at +0.6%. The RBNZ has room now with this data to keep rates unchanged for longer, while speculation on a possible RBA intervention needed in order to ease AUD exchange rate is starting to make the rounds.
Main headlines in the Asian Session:
Larry Fink says yen slide is over
Australian treasurer Swan: IMF reaffirmed the resilience of the Australian economy – Australia outperforming
Forex: EUR/USD tests 1.3200; Seems there is room for further gains
Australia morning press: RBA might have to consider intervention, cap
Japan PM Abe sneaking up on July elections
Forex: EUR/JPY 400 pips above yesterday's lows
Forex Flash: BOJ plan not significantly more aggressive than Fed’s QE - Nomura
New Zealand CPI Q1 offers no surprises
Forex: EUR/USD forcing sellers out; 1.3110/40 new buyers stronghold
Commodities Brief: Crude Oil WTI shrugs off early losses, finishes higher after volatile session
Forex: USD/JPY adds to gains during Asia session, resistance at 98.50 in focus
Forex: AUD/USD rejected from 1.04 resistance