New Zealand PM Key: History shows currency intervention not successful

FXStreet (Bali) - New Zealand PM Key is crossing the wires, noting that history shows currency intervention is not successful, CNBC reports, adding that he is very skeptical about intervention, and that the Kiwi is likely to decline further against the US Dollar.

Asian calendar low key today - Westpac

Sean Callow, FX Strategist at Westpac, notes that other than the BOK rate decision, today's Asian calendar is a low key one.
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USD/JPY gaining the 120 psychological handle

USD/JPY is currently trading at 120.22 with a high of 120.25 and a low of 120.06.
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