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Session Recap: USD extends gains; Gold takes a hit

FXstreet.com (Barcelona) - The USD resumed the upside today above the 102 level against the Yen, taking down AUD/USD to 0.9965 for session lows, and EUR/USD around the 1.2960. USD/JPY posted a fresh 5-year high at 102.15, while NZD/USD broke below the 0.8270 mark to a 7-week low.

Local share markets all traded in the red with the exception of the Nikkei index that printed yet another fresh 5-year highs above the 14800 points mark. US SP500 futures opened the week to the downside, with Hang-Seng down -1%, Shanghai -0.21%, Australian ASX -0.19%, and Kospi -0.01%. Gold sold off below the $1430 level, while Oil held above the $95 mark, coming from slightly below the $96.

In the data front, New Zealand food price index lowered -0.1% year on year, Japan M2 money supply only rose +3.3% above expectations of +3.1%, while Home loans in Australia posted a +5.2% increase on a monthly basis, the highest monthly increase since year 2009, way above expectations. NAB business confidence in Australia decreased to -2 though, to the lowest in 2013.

Main healines in the Asian Session:

Japan rests re-assured not labeled 'currency manipulator' by G7

Italian coalition government at risk, warns PM Letta

Forex: Hedge funds buy USD, trend may last - FXWW

Forex: EUR/USD gaps lower post G7 meetings

Forex: USD/JPY - 102.00 is history now, blue sky until 103.60

Forex: NZD/USD breaks below 0.8300

Nikkei continues to surge higher

Japan’s Suga: It is clear that the economy is coming out of deflation

Forex: EUR/JPY holding gains above 132.00

Bearish views on the Yen simply unanimous

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