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Australia RBA Foreign Exchange Transaction declines to 328M in Feb from 393M

Forex Flash: Market gives Cyprus benefit of the doubt - Westpac

With Cypriot officials still in talks with Russian counterparts, in view of Shaun Callow, FX strategist at Westpac, "it seems that for now, it is unlikely Russia will do more than roll over its existing loan."
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Forex: EUR/JPY closes the gap at 124.50

Following worst trade deficit on record in Japan mostly due because of increasing imports, at fastest pace since late 2011, EUR/JPY is currently retracing to 124.16 near session lows from recent fresh weekly highs at 124.51. The cross printed mentioned highs on the back of USD surging against Yen following latest FOMC, closing the gap down to 121.54 EUR/JPY started the week with, while Nikkei index climbs above the 12600 points mark printing yet another fresh 4.5-year high, up +1.37% for the day so far.
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