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19 Jun 2013
Session Recap: USD soft; Yen stronger on positive Japan exports
FXstreet.com (Barcelona) - USD has eased specially against Yen, on the back of better than expected Japan trade deficit based on fastest imports rise pace since Dec 2010, Japan Fin Min said. USD/JPY dipped to session lows at 95.17 after the news, while AUD/USD also fell to fresh weekly lows at 0.9433.
Australian leading index posted also better results than expected, lifting the Aussie from mentioned session lows to current 0.9480 level, while USD/JPY is at 95.37 last, off mentioned session lows. EUR/USD has been little changed slightly below the 1.34 handle, ahead of big event in the form of FOMC at 18:00 GMT.
Local share markets show mixed results as well with Nikkei index still in the positive up above +1%, while China Mainland indexes are below -1%. Gold and Oil eased a bit too, but also little moved, led by US equity futures that retraced a few points from SP500 yesterday's fresh weekly highs.
Main headlines in the Asian Session:
Japan PM Abe: Says he received strong support from G8 leaders for economic policies
Commodities Brief: Gold technical set up continues to deteriorate
Japan exports beat estimates
Australia Apr CB Leading Indicator increase to 0.3% vs 0.1%
Australia Apr Westpac Leading Index (MoM) improves to 0.6% vs 0.1%
AUD/USD stalls above 0.9450
Bank of Japan’s Kuroda to attend Japanese Parliament lower house fiscal committee today
EUR/USD consolidating gains near 1.3400
Flash: FOMC to announce taper at the end of Q3 - Nomura
Option expiries 10am NY cut
Australian leading index posted also better results than expected, lifting the Aussie from mentioned session lows to current 0.9480 level, while USD/JPY is at 95.37 last, off mentioned session lows. EUR/USD has been little changed slightly below the 1.34 handle, ahead of big event in the form of FOMC at 18:00 GMT.
Local share markets show mixed results as well with Nikkei index still in the positive up above +1%, while China Mainland indexes are below -1%. Gold and Oil eased a bit too, but also little moved, led by US equity futures that retraced a few points from SP500 yesterday's fresh weekly highs.
Main headlines in the Asian Session:
Japan PM Abe: Says he received strong support from G8 leaders for economic policies
Commodities Brief: Gold technical set up continues to deteriorate
Japan exports beat estimates
Australia Apr CB Leading Indicator increase to 0.3% vs 0.1%
Australia Apr Westpac Leading Index (MoM) improves to 0.6% vs 0.1%
AUD/USD stalls above 0.9450
Bank of Japan’s Kuroda to attend Japanese Parliament lower house fiscal committee today
EUR/USD consolidating gains near 1.3400
Flash: FOMC to announce taper at the end of Q3 - Nomura
Option expiries 10am NY cut