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Forex pairs in this Article » EUR/USD, USD/JPY
FXstreet.com (Barcelona) - Still not sure as of why, but Nikkei index sold off from above the 14000 points mark in early Tokyo session, down last more than -1% leading the Yen higher, and taking with it the USD broadly lower to as low as USD/JPY 99.69 and EUR/USD to as high as 1.3138.

Talk of Tokyo “Olympic bid slipping away” was rumored to be behind the early stocks selling off, no way to be confirmed till tomorrow's vote, but truth is given the busy weekend ahead with NFP included and war drums rolling, Nikkei index had been above +5% increase for the week, so some profit taking ahead of so many risk events it should not surprise many.

AUD/USD in the other hand has been little changed last at 0.9132 oscillating inside a 30 pip range, while Gold has marginally improved to above $1370 and Oil remains quiet around the $108.5 level. Local share markets show a mixed picture with the Nikkei and Australian ASX to the downside lead by weak US futures, while Hong-Kong's Hang-Seng and Korean Kospi are both showing gains.

Main headlines in the Asian Session:

Obama still well short of congressional support on Syria

Australian election Saturday September 7

Australia AiG Performance of Construction Index falls to 43.7 in August from 44.1

Japan JP Foreign Reserves $1254.2B in August

Bloomberg article: Obama Seen Delaying Fed Choice Until After Syria Vote

Iran issues reprisal orders should US attack Syria
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