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Session Recap: BoJ's Kuroda mantra losing its shine; Majors mostly unchanged

FXstreet.com (Barcelona) - Quite a slow market session in Asia-Pacific across the board, with some reaction as of late the closer the London open it gets. EUR/USD, AUD/USD and GBP/USD they all trade near session highs following thin trading ranges, after big moves took place yesterday specially in Euro and USD during London and New York sessions.

Local share markets trade mostly in the red with Shanghai down -1.3%, Nikkei index -0.6%, Australian ASX -0.8%, and Hang-Seng -0.15%, off session lows. Korean Kospi gains +0.3%. Gold trades near session highs barely above the key $1600 mark but still in the negative for the week, while Oil pushes above the $94.5, printing fresh session highs.

Market attention has been mainly on long BoJ Kuroda attendance before Japanese parliament, and RBA Stevens speech in Sydney. None of them had much of an impact in the markets, though Kuroda's repeating mantra of “whatever it takes” and "2% inflation target at ASAP” weighed more than Steven's comments.

New Zealand February trade balance +414m (vs. -12m expected)

Cyprus banks to remain closed until Thursday

Dijsselbloem: I did not link Cyprus to other countries.

Dijsselbloem says he has ‘no regrets’ over eurozone bank restructuring comments

Forex: NZD/USD Remains around 0.8350 after trade balance report

Forex: USD/JPY breaks below 94.00 for first time in 3 weeks

Forex: EUR/USD falls to 4-month low at 1.2830; Anyone want to have an euro?

Forex: EUR/JPY unable to hold above 121.00

Japan February Corporate Services Price Index +0.1% y/y (vs. flat, 0.0%, expected)

Kuroda: japan’s economy has stopped weakening, showing positive signs

Yen is not weakening on this latest round of jawboning

Forex Flash: Cyprus will face a deep and prolonged adjustment process – BBH

Forex: USD/JPY higher on Kuroda's promises; Again

Aso: Need to be careful about buying foreign bonds – nearly the same as intervention

EUR/USD: Weak trailing stops now above 1.2900

Kuroda to appear before Japan parliament upper house on March 28

Forex: EUR/USD takes a breather below 1.2900 following EU's Dijsselbloem words

Forex: EUR/USD down to 1.2660 now and option

Forex: AUD/USD unchanged as RBS Stevens speech a non event

Nikkei closes down 0.6% at 12471.62

Forex: AUD/USD unchanged as RBS Stevens speech a non event

AUD/USD is last at 1.0458, little changed for the Asia-Pacific session, despite the fact Chinese markets opened with heavy selling, which usually leads the Aussie in thin markets, and RBA Stevens giving a speech today in Sydney. “RBA Governor Glenn Stevens gave a speech today: 'Financial Regulation: Australia in the Global Landscape'; there was nothing of relevance to monetary policy or FX,” said ForexLive editor Eamonn Sheridan, recapping on the event.
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Forex: EUR/USD sidelined around 1.2875/80

The bloc currency is flat-lined around 1.2870/75 on Tuesday, ahead of the French Consumer Confidence for the month of March. Prior surveys expect the headline to come in a tad lower to 85 vs. 86 previous...
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