Session Recap: USD licking its wounds; China markets closed

FXstreet.com (Barcelona) - USD stopped the bleeding today in the Asia-Pacific right after the FOMC fiasco and even strengthening a bit across the board specially against Aussie and Yen, but still below the 80.25 level of the DXY spot index, down -1.6% for the week so far, and -2.3% for the month.

USD/JPY is last at 98.41 off fresh 3-week lows printed at 97.75 post FOMC, EUR/USD 1.3526, AUD/USD 0.9489, and Cable 1.6119. Kiwi has been the big winner instead posting yet new higher highs above the 0.84 handle, on the back of positive 2Q NZ GDP up +0.2%.

Nikkei index is up +1.75% above the 14700 points mark, helped also on improving Japan trade balance showing better than expected exports while lower imports. With Chinese markets closed, mostly all other local share markets open are in the green up more than +1% on average.

Gold steadied around the $1360 up more than 3% for the week, while Oil managed to pare all previous weekly loses, trading last shy of the $109 handle.

Main headlines in the Asian Session:

Gold surges above $1350 as no taper delivered

Syrian President Assad: Says he is committed to chemical weapon agreement

New Zealand GDP Q2 upbeat, despite Q2 drought

AUD/USD soars on FOMC dovishness; up to Fibonacci resistance at 0.9556

Japan August Exports (YoY) rises to 14.7% vs 12.2%

Australia August RBA Foreign Exchange Transaction rises to 482M vs 436M

NZD/USD explodes higher for second time in 24 hours; now testing 0.8399 Fibo resistance

Japan July All Industry Activity Index (MoM) increase to 0.5% vs -0.6%

Option expiries 10am NY cut 19 September