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Forex pairs in this Article » EUR/USD, GBP/USD, USD/JPY (Bali) - The Japanese Yen was, together with the Canadian Dollar, the main laggard in the Asian session. The Yen found its usual enemy on the Nikkei 225, up over 1%, while CAD traders continue to price in further dovish comments by BoC's Poloz.

While the calendar was quite vacant, it offered a couple of insights into the Australian construction and job industries, both coming worse-than-expected. While the construction index dropped from 55.2 in Nov to 50.8 in Dec, job vacancies fell by 1.7% in December.

However, the Aussie performed another counter-intuitive move today, by holding the 0.89 and rebounding by over 30 pips. As a reminder, earlier on the week, positive trade balance data in Australia saw the currency weakening in quite a 'telling' move about sentiment.

The Euro and Pound were both relatively calm ahead of Central Bank decisions, while the New Zealand Dollar kept its firm note, consolidating gains made on Tuesday. With regards to the Canadian Dollar, the bear momentum extended in Asia on BoC's Poloz dovish remarks late in the last US session. As per the US Dollar, it first enjoyed a bout of broad strength, keeping high levels vs Yen, Cad, while returning to neutral territory vs rest of peers.

Main headlines in Asia

BoC's Poloz worried about deflation, fresh reason to sell CAD

Japan's fourth arrow to offset tax hike setback - Toyota

Will Japan avoid a 'bad inflation' cycle?

Behind the sudden drop in Australia's construction index

Australia Job vacancies: -1.7% q/q (prior was +3.1%)

Nikkei 225 finding buying interest, H1 bear kumo cloud broken

Small business confidence in NZ skyrockets - ANZ survey

Market should prepare for a 'wage surprise' - Japan's PM Abe
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