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Session Recap: China data disappoints; Yen weakness stays

Quiet session so far in Asia-Pacific following a massive US NFP number on Friday, with lowest unemployed percent in 4 years, and highest employment change in 12 months. Most pairs are pretty much unchanged from previous weekly close Friday, with only Yen weakness bringing some action to markets, with USD/JPY +0.18% higher for the day so far.

EUR/USD at 1.3006 last, AUD/USD 1.0226, GBP/USD 1.4923, USD/CHF 0.9512, all of them little changed for the week so far, with Gold barely above its opening price, while Oil is slightly below it. Local share markets show positive results overall, with Australian ASX up +0.39%, and Hang-Seng +0.48%, lead by Nikkei higher by +0.58% having printed yet another fresh 4.5-year high around the 14k point mark, while Shanghai is down -0.24% and Korean Kospi -0.07%.

Economic data for the session came in from Japan, showing worst Core machinery orders figures in 8 months, down -13.1% for the month of January on monthly basis, while Chinese data over the weekend came in a mixed fashion, showing higher PCI than expected year on year, backed on rising food prices, which weighed on weaker than expected retail sales. PPI and industrial production also showed weaker than expected results.

Main headlines in Asia

The Dollar joins risk appetite on US strong data; EUR/USD closes at 1.3000

China Feb Consumer Price Index (YoY) increase to 3.2% vs 2%

China Feb Retail Sales (YoY) down (2.9)% from December 01

AUD may struggle on Monday morning after poor Chinese data

Forex: EUR/USD opens below 1.30, targets 1.2880 – BBH

New Zealand Feb Electronic Card Retail Sales (YoY) down to 2.5% vs 5.8%

Chinese data disappoints; inflation above expectations

Forex: USD/JPY above 96 on Tsunami's 2nd anniversary day

Forex: EUR/JPY unchanged below 125.00

Forex: NZD/USD tries to set a base at 0.82

Bloomberg recap of Kuroda’s testimony today: Kuroda Says Bank of Japan Will Consider Buying Derivatives

Nth. Korea has cut hotline with Seoul, threatens to also cut line with UN forces at Pammunjom

Forex: AUD/JPY holding above 98 on the back of Yen weakness

Forex: GBP/USD resting above 1.4900

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Following what could be described as a 'remarkable' jobs number in the United States last Friday, with the jobless rate down to 7.7% and the economy creating 236K new jobs, highest since early 2012, the US Dollar continues to be one of the big winners in the currency market. Are the stars aligning for further Greenback strength?
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