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Forex pairs in this Article » EUR/USD, USD/JPY (Barcelona) - The USD has gained traction during the Asia-Pacific helped on Yen and Aussie weakness, coupled with Euro weakness as well in late trading, sending USD/JPY to session highs at 100.03, and AUD/USD and EUR/USD to session lows at 0.9161 and 1.3093 respectively so far.

The AUD/USD was sold all the way from session highs at around the 0.9250 level keeping the selling pedal specially pressed since early Tokyo, on a combination of bad economic domestic data and China commodities bubble fears. GBP/USD also fell losing the 1.52 figure, printing session lows at the moment at 1.5176.

Local share markets show mixed results with the Nikkei index being the big winner up almost +0.9%, while overall the tone is weak, with Shanghai Composite down -0.52%, and Korean Kospi also down -0.4%. Gold and Silver remained quiet around $1277 and $19.40 respectively, while Oil stood above the $106 handle, near recent fresh 15-month highs.

Main headlines in the Asian Session:

The Greek parliament has passed the public sector reform bill – thus securing further bail out aid

Precious metals lower after Bernanke; Oil higher

Australia CB Leading Indicator declines to 0% in May from 0.3%

Japan’s Deputy Economy minister Nishimura: Election win will help government pursue policies

BOJ offers to buy 700bn yen of JGBs from market

PBOC sets yuan mid-point fix at 6.1720

S&P: Australian ratings affirmed at AAA/A-1; Outlook stable

Australian business confidence deteriorates

China House Price Index rises to 6.8% in June from 6%

Australian Treasurer Bowen: Australian economy is strong and resilient

Australia’s Bowen: China resources investment boom is over

Greece approves public workers' layoff scheme to comply with 'troika'
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