Forex: JPY soft as Asian shares higher
FXstreet.com (San Francisco) - The Japanese yen has weakened slightly against its major trading counterparts during this low volatility Asian session. The move comes after Asian shares are seen edging higher this afternoon. Japan's Nikkei average is currently quoted up 24.44 points, or 0.3 percent at 8957.50. Australian shares are up 25.22 points, or 0.6% at 4497.60. Reuters is reporting the MSCI index of Asia-Pacific shares outside Japan as recently up 0.2% after recording its largest weekly decline in two months. In FX, EURJPY is back trading above the 103.00 figure and above 50% Fibonacci retracement support at 102.75, but still carries downside risks; AUDJPY jumped slightly to its intraday high above the 82.60 mark, now capped by the 50-hr EMA; USDJPY is still limited below the 79.75 resistance area.