Session Recap: Yen outperforms; USD well bid above 81.5 of DXY

FXstreet.com (Barcelona) - The USD recovered sharply from an early session sell-off that took it to as low as 81.5 of the DXY spot index printed mostly on the back of Yen strength.

After that the USD recovered all loses and even advanced some, helped on EUR/USD and AUD/USD selling, that printed fresh session lows at 1.3292 and 0.8950 respectively. The USD/JPY printed fresh 3-week lows at the 97 handle, paring part of the loses last at 97.40.

Nikkei index tumbled more than -2% holding above the 14000 points mark, leading a session of loses in the region, with US futures also printing fresh lows. Gold stalled the decline around the $1274 mark, last trading at $1278 in the spot market, while Oil stabilizes slightly above the $105 handle.

Main headlines in the Asian Session:

NZ jobs change in line with expectations; unemployment rate ticks slightly higher

China Securities Journal: China 2013 H2 trade growth may continue to slow

Australia AiG Performance of Construction Index rises to 44.1 in July from 39.5

Gold: Bloomberg article: China’s Gold Imports From Hong Kong Decline as Demand Slows

Abe adviser Koichi Hamada: Calls for further BOJ easing if sales tax hurts the economy

Fonterra fined $900K by China in pricing practices probe

Australia Home Loans up to 2.7% in June from 1.7%