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Session Recap: Aussie at fresh 7 month low; BoJ Kuroda makes public appearance

The Australian Dollar got hammered in Asia, ending the session as the worst performer by far after breaking 2 keys level, first 1.0180 then 1.0150, recording a fresh 7-month low. The sharp fall in Chinese stocks didn't help. The New Zealand Dollar followed its neighbor's tail by recording a clean breakout of 0.8220/25.

The Japanese Yen was the winner of the session, with the market little impressed on the first comments from the new BoJ chief nominee Mr. Kuroda. The US Dollar stood as the second strongest currency. The Euro, meanwhile, has stabilized just above 1.30 after inconclusive headlines out of Italy over the weekend.

Main Headlines in Asia

- Bloomberg article: Bersani insisting he’ll form a government

- EUR/USD engaged in 1.30 battle

- Australia February TD/MI inflation gauge 0.0% m/m (vs. 0.3% prior)

- Australian private building approvals, ANZ jobs encouraging

- BoJ Kuroda will do whatever it takes to end deflation

- China, Hong Kong markets hit on home sales tax hike

- AUD/USD shows clean 1.0180 breakout

- USD/JPY to session lows; Kuroda's words not convincing

- Kiwi prints fresh 2013 lows

- Eurozone finance ministers meet in Brussels today (Monday)

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Third consecutive flat Asian session for GBP/USD, barely moved in last 7 hours, inside a tiny 24 pip range 1.5021/45, mostly unchanged from previous weekly closed Friday, down already -7.5% year to date. Cable suffered a massive hit past Friday following worst UK Manufacturing PMI in 4 months, down to 47.9, selling off hard from 1.5180 level, now waiting for 1.5050 and 1.4900 options to expire at today’s 10:00 am New York cut, FXBriefs.com reported.
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