28 Jun 2013
USD, AUD, Yen and Gold all lower; Japan positive data ignites risk-on mode
FXstreet.com (Barcelona) - It took some time, but after overall positive data coming out from Japan was released and Tokyo opened doors, the USD/JPY shot to the upside stalling just shy of the 99.00 handle, while Nikkei index climbed above the 13600 points mark for the first time in 3 weeks, adding more than +3.4% gains today alone.
The AUD/USD was heavily sold off from the very start of the session taking the pair down from session highs around 0.9285 to fresh session lows at 0.9214, bouncing from there and stabilizing now around the 0.9250 level. Gold dumping to fresh near 3-year lows at $1800, risks coming from China, and political turmoil in Australia all added for weakness in the currency.
Local share markets were all dragged higher by the Nikkei index, even the Australian ASX index, that finally has come to break even by the end of the session, or the Shanghai index that trades now up +0.78% after a negative start. CPI in Japan, retail sales and industrial output all came in better than expected, favoring the risk-on sentiment in the region.
Main headlines in the Asian Session:
Former Treasury Secretary Paulson: Says the Chinese economy has slowed
New Zealand Building Permits for May +1.3% m/m (vs. expected -3.9%)
AUD/USD sells below 0.9260 on Q2 end flows
Japanese CPI beats expectations, falls only -0.3% in May
Japan: Industrial Production (MoM) (May): 2% vs 0.9%
Japan Retail Trade (YoY) improves to 0.8% in May from -0.1%
Gold sell-off resumes in Asia
EUR/USD moves above 1.3050 on fresh risk appetite
EUR/JPY shoots above 129
USD/JPY prints fresh weekly highs shy of 99.00
The AUD/USD was heavily sold off from the very start of the session taking the pair down from session highs around 0.9285 to fresh session lows at 0.9214, bouncing from there and stabilizing now around the 0.9250 level. Gold dumping to fresh near 3-year lows at $1800, risks coming from China, and political turmoil in Australia all added for weakness in the currency.
Local share markets were all dragged higher by the Nikkei index, even the Australian ASX index, that finally has come to break even by the end of the session, or the Shanghai index that trades now up +0.78% after a negative start. CPI in Japan, retail sales and industrial output all came in better than expected, favoring the risk-on sentiment in the region.
Main headlines in the Asian Session:
Former Treasury Secretary Paulson: Says the Chinese economy has slowed
New Zealand Building Permits for May +1.3% m/m (vs. expected -3.9%)
AUD/USD sells below 0.9260 on Q2 end flows
Japanese CPI beats expectations, falls only -0.3% in May
Japan: Industrial Production (MoM) (May): 2% vs 0.9%
Japan Retail Trade (YoY) improves to 0.8% in May from -0.1%
Gold sell-off resumes in Asia
EUR/USD moves above 1.3050 on fresh risk appetite
EUR/JPY shoots above 129
USD/JPY prints fresh weekly highs shy of 99.00