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Forex pairs in this Article » EUR/USD, USD/JPY
FXstreet.com (Barcelona) - The Asian session started with a quiet mood following last NY trading hours consolidating the rebound from fresh 1-month lows in the USD index at 81.62 following the break down of the 82 support on new rumors about the FED.

Then came in the better than expected Japan CPI figures, best in a long time, and things looked like were going to go against the Yen, with USD/JPY topping at 99.37 in the first hour of Tokyo trading, but then suddenly the USD started to be broadly sold against Yen, AUD and EUR, taking Aussie to fresh session highs at 0.9275 USD and EUR/USD to 1.3289.

Local share markets saw at the same time the Nikkei index falling more than -2%, one of the reasons behind the USD selling off, while other indexes like the Korean Kospi or the Australian ASX both in the positive, or the Hang-Seng at evens. The Shanghai Composite is also in the negative down -0.81%, while Gold and Oil are both modestly higher. USD/JPY posted fresh 2-week lows at 98.68.

Main headlines in the Asian Session:

Overnight Australian press: Government forecast revenue shortfall of more than $20 billion over the next 4 years

Australian politics – election date speculation

China Daily: State researcher says China’s economic growth is to stabilize

Inflation picking up in Japan

Japan’s economy minister Amari: Prices increasing, consumption-driven economic recovery

Australian Treasurer Bowen: Intention to return to bidget surplus in 2016/17
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