5 Sep 2013
Session Recap: USD marginally higher; BoJ on hold
FXstreet.com (Barcelona) - No wonder Thursday's Asian session has extended the quiet tone of many other previous sessions in latest months days ahead of key risk events such as ECB later on or US NFP tomorrow, with EUR/USD falling about 10 pips to session lows at last 1.3190 while Cable holds above 1.5610.
USD/JPY has also remained very quiet around the 99.70 level all session long despite the BoJ meeting which passed by totally unnoticed, with monetary policy offering no changes at all. AUD/USD in the other hand spiked to a double high at 0.9188 no matter Australia trade balance came in way worse than expected, but has retraced ever since to trade last at 0.9168, unchanged too for the session being.
Gold and Oil were no exception and sit quietly around the $1393 mark and $107.70 respectively. Local share markets show a totally mixed picture, with the Korean Kospi and Hong-Kong's Hang-Seng rising both more than +1%, while Nikkei and Australia ASX are down about half a percent, and Shanghai Composite is flat.
Main headlines in the Asian Session:
Japan September 2 Foreign bond investment decreases to ¥-530.9B vs ¥-316.4B
Kocherlakota says fed forecasts suggest need for more stimulus
Australian trade deficit much worse-than-expected
China finds county in Yunnan falsifying data
New Zealand finance minister English: NZ dollar at 77 -78 cents ‘not a bad place’
Japan BoJ Interest Rate Decision remains at 0.1%
BoJ keeps policy steady, annual monetary base increase at 60-70 trln yen
USD/JPY has also remained very quiet around the 99.70 level all session long despite the BoJ meeting which passed by totally unnoticed, with monetary policy offering no changes at all. AUD/USD in the other hand spiked to a double high at 0.9188 no matter Australia trade balance came in way worse than expected, but has retraced ever since to trade last at 0.9168, unchanged too for the session being.
Gold and Oil were no exception and sit quietly around the $1393 mark and $107.70 respectively. Local share markets show a totally mixed picture, with the Korean Kospi and Hong-Kong's Hang-Seng rising both more than +1%, while Nikkei and Australia ASX are down about half a percent, and Shanghai Composite is flat.
Main headlines in the Asian Session:
Japan September 2 Foreign bond investment decreases to ¥-530.9B vs ¥-316.4B
Kocherlakota says fed forecasts suggest need for more stimulus
Australian trade deficit much worse-than-expected
China finds county in Yunnan falsifying data
New Zealand finance minister English: NZ dollar at 77 -78 cents ‘not a bad place’
Japan BoJ Interest Rate Decision remains at 0.1%
BoJ keeps policy steady, annual monetary base increase at 60-70 trln yen