21 Aug 2013
Session Recap: USD steady ahead of FOMC; Yen strengthens on Fukushima news
FXstreet.com (Barcelona) - Another quiet session in the Asia-Pacific in USD terms as of DXY spot index last trading at 80.94 mostly unchanged from previous NY close given EUR/USD has remained all session long inside a 13 pip spread between 1.3414 and 1.3427, last at 1.3427.
Movement has come from Yen when it was printing session lows against USD at 97.57 with Nikkei up more than +0.5%, and news related with a severe leakage of highly radioactive water from Fukushima's nuclear plant tanks hit the wires and USD/JPY sold off to session lows at 97.12 and Nikkei lost as much as -1%, last down -0.77% around the 13300 points.
AUD/USDalso showed weakness against the USD posting fresh weekly lows at 0.9017, with Oil struggling above the $105 mark ahead of crude oil inventories at 14:00 GMT, and Gold steady above the $1370. Most local share markets are in the red, but the Australian ASX that is up +0.44%.
Main headlines in the Asian Session:
China and Japan to discuss ways of preventing Senkaku Island tensions from escalating
BOJ’s Kuroda says he won’t hesitate for easing if the economy slows – Japan press
New Zealand July Visitor Arrivals (YoY) decreases to 5.9% vs 6%
Flash: Why are EM trades performing so poorly? - HSBC
Bank of Japan buying JGBs from market
Australia Westpac Leading Index (MoM) down to 0% in June from 0.2%
China: CB Leading Economic Index (July): 1.4 vs 1
Japan to raise severity of latest Fukushima leak to level 3
USD/JPY tumbles on news of radiation problems with a Japanese reactor
Abe seen adopting 1% incremental sales tax for 5 years - Morgan Stanley
Movement has come from Yen when it was printing session lows against USD at 97.57 with Nikkei up more than +0.5%, and news related with a severe leakage of highly radioactive water from Fukushima's nuclear plant tanks hit the wires and USD/JPY sold off to session lows at 97.12 and Nikkei lost as much as -1%, last down -0.77% around the 13300 points.
AUD/USDalso showed weakness against the USD posting fresh weekly lows at 0.9017, with Oil struggling above the $105 mark ahead of crude oil inventories at 14:00 GMT, and Gold steady above the $1370. Most local share markets are in the red, but the Australian ASX that is up +0.44%.
Main headlines in the Asian Session:
China and Japan to discuss ways of preventing Senkaku Island tensions from escalating
BOJ’s Kuroda says he won’t hesitate for easing if the economy slows – Japan press
New Zealand July Visitor Arrivals (YoY) decreases to 5.9% vs 6%
Flash: Why are EM trades performing so poorly? - HSBC
Bank of Japan buying JGBs from market
Australia Westpac Leading Index (MoM) down to 0% in June from 0.2%
China: CB Leading Economic Index (July): 1.4 vs 1
Japan to raise severity of latest Fukushima leak to level 3
USD/JPY tumbles on news of radiation problems with a Japanese reactor
Abe seen adopting 1% incremental sales tax for 5 years - Morgan Stanley