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Session Recap: USD lower even against Yen; China CPI slows

FXstreet.com (Barcelona) - USD weaker overall is main event of this Tuesday's Asia-Pacific session, even losing ground against Yen, after printing yet another fresh multi-year USD/JPY high shy of key 99.70 level. Nikkei index also ends the session in the light red following a fresh almost 5-year high above the 13.3k mark.

Lower than expected China CPI prompted antipodean currencies like AUD and NZD on hope the PBoC will ease more soon, despite worse than expected business confidence in Australia. In New Zealand though confidence showed best results since early 2012.

EUR/USD ends the session higher above key resistance around the 1.3040 area, and USD/JPY slightly lower around the 99.25 mark, down from mentioned fresh highs at 99.65. Tensions in the region keep rising with Chinese warships entering conflicting island waters and North Korea reading for a nuke test, media says.

Main headlines in the Asian session:

EUR/USD Squeeze higher purely position driven

Forex: Euro remains firm and consolidates above the 1.3000

Forex: AUD/JPY shoots to fresh 57-month highs above 103.5

NZ 1Q Business confidence 23 from 20

Forex: EUR/JPY targeting 130.5 - 2ndSkiesForex

Fed's Bernanke speech: No momentary policy remarks

Japan press: Japan increasingly nervous about North Korea nukes

Aso: Excessive yen gain has been corrected

Forex: USD/JPY on track to 100.00; Aso jawboning just a little bump

Forex: NZD/JPY prints fresh 5-year highs above 84.00

Forex: EUR/USD absorbs 1.3025/50 supply; bullish case strengthens

China Consumer Price Index (YoY) falls to 2.1% in Mar from 3.2%

Forex: AUD/USD higher on China CPI

China CPI comes below estimates

newswires: 3 Chinese ships enter Japan waters near Senkaku/Diaoyu Islands

Forex: EUR/USD hits 3 ½ week high; fresh upside potential

Forex: EUR/USD hits 3 ½ week high; fresh upside potential

The recovery in the Euro extended through 1.3025/50 supply after two consecutive failures at the level, with the exchange rate finding a peak at 1.3065, in what represents a new high not visited since last March 15.
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