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Forex pairs in this Article » AUD/NZD, AUD/USD, USD/JPY (Barcelona) - Against the backdrop of G7 headlines, in which one would assume that international players are still distant from sounding too threatening on the new mix of policies in Japan to beat deflation and as a by-product weakening its currency, the Yen has persevered with its fortitude through the Asian session, topping the climbers of the G10 board.

Another standout currency during Asian hours was the Australian Dollar, with long accounts taking the rate against the US Dollar to the sensitive level of 1.0360, suggesting that the downtrend is teetering. Consumer confidence in Australia saw rate futures market reducing odds for an additional RBA rate cut in March.

The Pound recovered further ground, while the Euro stood largely unchanged awaiting the opening of London.

Main headlines in Asia

- New Zealand Finance Minister English: NZ Growth outlook similar to Australia's

- AUDUSD needs break above 1.0350/60; corrective pattern in peril

- AUDNZD: Exodus of longs continues

- AUDUSD spikes above 1.0320 after Aus cons conf beats estimates

- Australia - Westpac/MI Consumer Confidence Survey Recap

- Westpac Aus consumer confidence exceeds expectations - NAB

- Market ahead of itself discounting RBA cuts?

- Bloomberg article: Plosser recap

- Obama addresses congress at the SOTU speech

- AUDUSD breaks to fresh 5-day highs above 1.0350

- AUDUSD: More trailing stops going off above 1.0350

- USDJPY break of 93.00 allows further losses
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