Session Recap: USD unch, Aussie rallies, China beat expectations & BoJ stands pat

FXstreet.com (Barcelona) - The USD index has remained unchanged during a busy Asian session though, with part of local countries closed over holidays, making the Aussie the big winner printing fresh 7-day highs at 0.9070 after much better than expected China trade balance figures, despite ugly domestic jobs report released earlier.

USD/JPY range bounded last at key level 96.78, despite BoJ still promising to keep monetary easing further. EUR/USD was also little changed last at 1.3336, off recent fresh 7-week highs at 1.3346. Cable has been inside a very tight trading range 1.5484/1.55 all session long.

Gold kept bid near session highs barely below the big $1300 handle, while Oil improved early session weakness, bouncing from nearly the $104 round to current session highs shy of $105. Local share markets are all in the green with no exceptions, while SP500 futures are also trading at session highs.

Main headlines in the Asian Session:

Japan: Incremental approach to sales tax may lead to further Yen buying

Japan Current Account n.s.a. declines to ¥336.3B in June from ¥540.7B

Japan June Trade Balance - BOP Basis up to ¥-139.2B vs ¥-906.7B

Australian jobs market continues in a downtrend

BoJ to keep massive monetary easing

Chinese imports through the roof, five times above expected