Session Recap: Nikkei resumes the sell-off; USD advances, Yen too

FXstreet.com (Barcelona) - The USD gained marginally through the early Asia-Pacific start of the week, with EUR/USD printing session lows at 1.2914, AUD/USD to 0.9614, Cable about unchanged, and USD/CHF to session highs at 0.9634, while USD/JPY posted session lows at 100.78.

Local share markets traded in a mixed way with Nikkei index adding to past end of the week loses, nearing the 14000 points mark, down more than -3% for the day, with Australian ASX also in the negative down more than -0.5%. Korean Kospi in the other hand posted gains of +0.35%, while Chinese markets were about to break even.

With London and NY markets ahead to be closed over holiday, data in the Asia-Pacific was almost non existent. BoJ monetary policy meeting minutes showed debate taking place among board members on inflation targets and volatility seen in the bond markets, while China Industrial profits increased for the month of April year on year.

Main headlines in the Asian Session:

Weekend news: China PM says stable euro in best interests of China and world

Kuroda plays down concerns bond price spike could hurt recovery

USD/JPY declines remain shallow as buyers step into defend 100.00

EUR/JPY cracks 131.00 support, more downside to follow?

BoJ minutes: Economy to recover mid 2013

Commodities Brief: Precious metals still range bound in quiet trade

AUD/USD slightly lower for the weekly start

EUR/AUD adds to gains, trading at highest levels since Nov 2011

China: April Industrial Profits YTD y/y +11.4% (vs. prior of +12.1%)

Kiwi hovering above key support near 0.8050

GBP/JPY cracks 153.50, support at 1.5180 now in focus