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20 Mar 2013
Session Recap: Asia awaits for FOMC and Cyprus with Tokyo absent
FXstreet.com (Barcelona) - Quite session today in Asia-Pacific in all currency fronts, with very limited ranges overall. Tokyo remained closed over holiday while new BoJ staff stepped in headed by new governor Haruiko Kuroda, keeping the USD/JPY glued to the 95.00 handle, no lower than 94.80 as session lows.
Things started to move a bit more once Hong-Kong and Shanghai markets opened, pouring some risk appetite that lifted AUD/USD to session highs around the 1.0380 while Hang-Seng was up by +0.83% and Shanghai +2.10%. While writing these lines some gains are being erased, and GBP/USD tests weekly lows around the 1.0583.
Overall, very limited action in the Asian session ahead of key FOMC meeting later in the day at 18:00 GMT followed by the press conference 30 minutes later, while markets try to digest developments in Cyprus, and guess what the final outcome will be, as the country prepares itself for a possible full week with banks closed to avoid bank runs.
Schaeuble: Cyprus rejection will not have negative impact on Euro
New Zealand 4Q Current Account (QoQ) increase to $-3.26B vs $-4.42B
Eurogroup position in Cyprus remains unaltered, Dijsselbloem says
NEW BOJ head – first day on the job for Kuroda
Forex: EUR/USD retraces all Monday gains from gap and trades at fresh 2013 lows
Forex Flash: We remain short EUR/USD, 1.26 a realistic target - Westpac
Forex: EUR/JPY demand at 121.60/90 holds; watch all the supply overhead
Merrill Lynch lowers China GDP forecast for 2013
Forex: NZD/USD pressured below 0.8250
Who took their money out of Cypriot banks before last weekend’s bombshell announcement closed the banks?
Forex Flash: Euro area faces new challenge on Cyprus drama - Nomura
Forex: AUD/USD back to session highs, still sideways
As Cypriots lose faith in politicians, so do speculators in the Euro
Things started to move a bit more once Hong-Kong and Shanghai markets opened, pouring some risk appetite that lifted AUD/USD to session highs around the 1.0380 while Hang-Seng was up by +0.83% and Shanghai +2.10%. While writing these lines some gains are being erased, and GBP/USD tests weekly lows around the 1.0583.
Overall, very limited action in the Asian session ahead of key FOMC meeting later in the day at 18:00 GMT followed by the press conference 30 minutes later, while markets try to digest developments in Cyprus, and guess what the final outcome will be, as the country prepares itself for a possible full week with banks closed to avoid bank runs.
Schaeuble: Cyprus rejection will not have negative impact on Euro
New Zealand 4Q Current Account (QoQ) increase to $-3.26B vs $-4.42B
Eurogroup position in Cyprus remains unaltered, Dijsselbloem says
NEW BOJ head – first day on the job for Kuroda
Forex: EUR/USD retraces all Monday gains from gap and trades at fresh 2013 lows
Forex Flash: We remain short EUR/USD, 1.26 a realistic target - Westpac
Forex: EUR/JPY demand at 121.60/90 holds; watch all the supply overhead
Merrill Lynch lowers China GDP forecast for 2013
Forex: NZD/USD pressured below 0.8250
Who took their money out of Cypriot banks before last weekend’s bombshell announcement closed the banks?
Forex Flash: Euro area faces new challenge on Cyprus drama - Nomura
Forex: AUD/USD back to session highs, still sideways
As Cypriots lose faith in politicians, so do speculators in the Euro