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Session Recap: Yen the big winner, USD follows thru

A quiet session today to the start the week off in Asia-Pacific with only a big push higher on USD across the board but against Yen, putting EUR/USD down to 1.2780, AUD/USD to 1.0385, and USD/CHF up to 0.9530. Yen was the big winner though on the back of soft Tankan survey results, ending as the strongest currency among all majors.
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Forex: EUR/USD offered below 1.28; Italy and Cyprus main focus

After absorbing what little demand was left around 1.28 last week, the Euro ended the first quarter of 2013 printing fresh bear trend lows at 1.2750 before profit taking on the long-weekend Ester holidays.
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