Session recap: Cascading Yen dominates quiet data session in Asia

FXstreet.com (Barcelona) - With literally no data points being released during the Asian session Monday and only a Kuroda speech scheduled in the next few hours, the momentum from last week – specifically in the weak Yen, weak Aussie – simply continued to start the new week.

Yen getting hammered once again

Whether it be purely momentum or simply a case of global technicians and traders recognizing the technical breakouts that have occurred in the Yen crosses recently, the majority of those key crosses just continued the sharp moves that have occurred recently.

Aussie Dollar also continuing recent weak trend

While not as pronounced as the Yen’s move Monday, the Aussie Dollar has continued to tumble after important crosses like the AUD/USD broke down below short-term support late last week.

Main headlines in Asia:

AUD/USD chart ugly after break of 0.9190 support. Test of August lows coming?

EUR/USD still bearish technically even after two-day bounce to end the week

GBP/USD nearing bears’ last stand at 1.6259

GBP/JPY, prints stellar 164.54 5-year highs

DXY still in a bullish posture above 80.53

USD/JPY clears 101.50 barrier, stops go off

AUD/NZD hits fresh multi-year lows

EUR/JPY touches Fibonacci projection at 137.90 and backs off temporarily