Session Recap: Yen strength extends; Euro below $1.34

In a very slow Asian session, which was characterized by the closure of key financial centres in China, Hong Kong, Singapore (Chinese new year celebration) and Japan (foundation day), currency movements were choppy and erratic on twilight trading conditions. The Japanese Yen stood at the leader of the G10 pack following Friday's great performance - with Japan's Aso headlines still resounding - , while the Aussie was the main laggard on poor housing data.

Main headlines in Asia

- SNB’s Zurbruegg interview moving the CHF

- EUR/JPY, is 127.70 the top bears have been waiting for?

- Japanese economic recovery efforts to launch Nikkei 17% higher to 13,000, Amari says

- Australia Home Loans -1.5% in Dec

- Australian December Home Loans down – Recap

- WSJ: G-7 officials plan to make individual comments regarding currency moves