11 Jun 2013
Session Recap: USD lower; BoJ on hold
FXstreet.com (Barcelona) - A slow start of the Asia-Pacific session with Aussie selling off to fresh 2.5-year lows at 0.9378, until BoJ monetary policy statement came out way earlier than usual, and caused a broad stampede in USD, taking Yen higher with it. USD/JPY printed session lows at 97.75, EUR/USD session highs at 1.3293, and AUD/USD recovered till 0.9442.
Local share markets have traded mostly all in the negative, with the exception of Australian ASX up +0.3%, while Gold and Oil are barely unchanged. Nikkei index is down -0.87%, Hang-Seng -0.94%, and Korean Kospi -0.84%, with Chinese markets again closed for holidays.
BoJ statement offered no major changes in planned monetary policy steps taken, while Australian housing finance data showed positive results although lower than expected, showing lowering interest rates are already taking some effect.
Main headlines in the Asian Session:
Goldmans cuts AUD/USD forecast
Local banks still selling AUD
Commodities Brief: Oil unable to take out key resistance at 97.00
Sakakibara adds: 2% inflation in Japan is a ‘dream’
BOJ disappoints after failing to offers new policies
Local share markets have traded mostly all in the negative, with the exception of Australian ASX up +0.3%, while Gold and Oil are barely unchanged. Nikkei index is down -0.87%, Hang-Seng -0.94%, and Korean Kospi -0.84%, with Chinese markets again closed for holidays.
BoJ statement offered no major changes in planned monetary policy steps taken, while Australian housing finance data showed positive results although lower than expected, showing lowering interest rates are already taking some effect.
Main headlines in the Asian Session:
Goldmans cuts AUD/USD forecast
Local banks still selling AUD
Commodities Brief: Oil unable to take out key resistance at 97.00
Sakakibara adds: 2% inflation in Japan is a ‘dream’
BOJ disappoints after failing to offers new policies