Positive tone in Asian share markets

FXstreet.com (Barcelona) - Following a +0.53% increase in US SP500 overnight by the NY close, local share markets are enjoying a positive tone overall, with only Shanghai Composite index slightly in the red, down -0.14% at the moment.

Nikkei index is up +1.19% shy of the 14300 points mark, Australian ASX gains +1.24%, Korean Kospi +0.24%, and Hang-Seng +0.11%, all of which after China CPI came in higher than expected at +2.7% year on year vs. +2.5% expected.

USD/JPY flat for the week above 101.00

The USD/JPY foreign exchange rate is last at 101.16, off recent session highs at 101.24, about flat for the week, following better than expected China CPI at 2.7% y/y vs. 2.5%.
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Flash: AUD/USD, bounce to 0.9250/70 not out of question - Westpac

At such depressed levels, in view of Jonathan Cavenagh, FX Strategist at Westpac, the Bank's probability index is alerting that much of the negative news are now priced into the AUD, at least from a near term perspective.
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