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Session Recap: BoJ holds steady; Kiwi at 1.5 year high

The lack of activity in the Asian session saw G10 currencies moving in very slow motion, to the point of one thinking chart had gone frozen post Japan lunch time.

Not even the BoJ uneventful monetary policy decision - all left as it was while waiting the new central bank governor appointment - managed to bring much volatility to the Yen crosses.

One currency that continued to make merits to appreciate, and that indeed rose to a fresh 1.5 year high against the USD, is the Kiwi, receiving an early boost after both manufacturing and confidence readings came better-than-expected.

Main headlines in Asia (in chronological order)

- New Zealand Jan Business NZ PMI rises to 55.2 vs 50.1

- New Zealand Food Price Index (MoM) rises to 1.9% in Jan from -0.2%

- NZD/USD breaks up pennant pattern; 0.8480-0.85 feasible?

- AUD/USD - break of 1.0360 a potential trend-shifting event

- GBP/NZD hits fresh multi-year lows circa 1.8350

- Japan confirms quarter to quarter contraction

- NZD/USD breaks 0.8480 resistance; 0.85 is next

- Bank of Korea leaves interest rates unchanged, as expected

- USD/JPY at 90-100 return to equilibrium, BoJ front runner Iwata says

- BoJ keeps size of asset purchases program at Y101 trillion

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