OctaFX | OctaFX Forex Broker
Open trading account

Session Recap: USD range bound; G-20 “applauds” BoJ policy

FXstreet.com (Barcelona) - USD eased during the Asia-Pacific against EUR and AUD while strengthening against Yen, thus leaving US Dollar index practically unchanged around the 82.60 level for the June contract, with EUR/USD last at 1.3062, AUD/USD at 1.3015, and USD/JPY at 98.48.

After a very quiet session till then, volatility came in following Japan Fin Min Taro Aso at the G-20 meeting in Washington, saying “no-one opposed Japan’s policies at G20 meeting,” and that IMF Lagarde even “applauded Japan's monetary policy,” after which USD/JPY climbed to weekly highs at 98.70.

Local share markets traded in the green overall lead by Chinese markets with Shanghai up +1.37%, and Hong-Kong +1.01%, while Oil has barely retraced to session lows around the $87.80, and Gold is near session highs shy of the $1400 spot price.

Main headlines in the Asian Session:

Forex: EUR/USD consolidates at 1.3050 after failing to break the 1.3100

Commodities Brief: Precious metals hold previous lows as consolidation continues

Goldman cuts China 2013 GDP forecast to 7.8% (down from 8.2%)

EUR/USD: Solid bids reported near 1.3025

US Treasury’s Miller: Too big to fail bailouts are over, US taxpayers wont bail out financial firms again

Bloomberg — Aussie, Kiwi About 10% Overvalued, IMF Official Tells Dow Jones

Forex: AUD/USD finds rock solid support at 1.0290 bid line

South Korean FinMin says weak Yen is bigger threat than North Korea

China Mar CB Leading Economic Index declines to 0 vs 1.2

Aso: Said no-one opposed Japan’s policies at G20 meeting

Switzerland to hold referendum on banning Swiss National Bank from selling any gold reserves

Forex: EUR/AUD to session lows on Aussie strength

USD/JPY: Real money sellers reported above 98.60

Forex: USD/JPY sprints to session highs 98.70 on Aso's comments at the G-20

Dow Jones — Australia Likely to Keep AAA Rating Despite Deficits, says Moodys

Forex Flash: Further downside potential in gold short term - Nomura

Nomura continues to argue that for Gold to find a bottom, "we need to see ETF holdings head higher before calling the low, as this has not yet occurred there could be further downside potential in the short term" Nomura notes.
Read more Previous

Japan Feb All Industry Activity Index (MoM) increase to 0.6% vs -1.4%

Read more Next
Start livechat