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19 Feb 2014
Asia Recap: G10 FX sidelined ahead of FOMC minutes
FXStreet (Bali) - A session of tight ranges in Asia, with light flows ahead of Wednesday's FOMC minutes, which should spice things up. The economic calendar presented no events of significance to move currencies.
AUD/USD had a brief drive below the 0.90 level, however, no follow through was observed, leading to a return back above the round number, where it stabilized. The Kiwi also showed an initial weak performance, but buyers were well camped at 0.8280 to lift the pair up towards 0.83.
USD/JPY traded on a soft tone, extending the downward correction initiated after the rejection off 102.65/70 resistance Tuesday. The pair is likely going to remain relatively quiet until the FOMC. The Nikkei 225 posted a loss of 0.8%, which weighed down on the Yen crosses complex.
The EUR undertone continues very solid, trading at a 1 1/2 month high around 1.3760 vs the USD, while the Pound traded in a 1.6670/90 range ahead of the UK jobs report, which will bring strong volatility to the currency.
Main headlines in Asia
Is BoJ expanded lending support additional easing? - Nomura
Aust skilled jobs vacancies rise 1.4% m/m
Aust Westpac Leading Index -0.2%
Australian Q4 Wage cost index 0.7% vs 0.6% exp
China's business sentiment at 5-year low
Balance of payments hints EUR to stay strong - RBS
AUD/USD had a brief drive below the 0.90 level, however, no follow through was observed, leading to a return back above the round number, where it stabilized. The Kiwi also showed an initial weak performance, but buyers were well camped at 0.8280 to lift the pair up towards 0.83.
USD/JPY traded on a soft tone, extending the downward correction initiated after the rejection off 102.65/70 resistance Tuesday. The pair is likely going to remain relatively quiet until the FOMC. The Nikkei 225 posted a loss of 0.8%, which weighed down on the Yen crosses complex.
The EUR undertone continues very solid, trading at a 1 1/2 month high around 1.3760 vs the USD, while the Pound traded in a 1.6670/90 range ahead of the UK jobs report, which will bring strong volatility to the currency.
Main headlines in Asia
Is BoJ expanded lending support additional easing? - Nomura
Aust skilled jobs vacancies rise 1.4% m/m
Aust Westpac Leading Index -0.2%
Australian Q4 Wage cost index 0.7% vs 0.6% exp
China's business sentiment at 5-year low
Balance of payments hints EUR to stay strong - RBS