Japan Consumer Confidence Index above forecasts (41.4) in October: Actual (41.5)

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Nov 4, 2015

AUD bulls in control on upbeat data, UK Services PMI – Up next

Renewed optimism hit Asia, with markets cheering positive sentiment on the Asian equities while the Australian dollar was the biggest gainer amongst the risk-on currencies, backed by upbeat fundamentals. USD/JPY hovers around post-FOMC highs above 121 handle ahead of the key US jobs data and Yellen’ speech due later today.

USD/JPY rejected at 200-DMA, retreats to 121.10

The USD/JPY rally seen in the mid-Asian session lost steam near 200-DMA now located at 121.42 and drifted lower towards 121 handle as the greenback recedes against its major competitors.