FXStreet (Bali) - The Australian Dollar was the best performing currency in Asia, with the US Dollar generally weaker.



Moves were subdued though, with market particiapnts sidelined in ahead of the Jackson Hole Symposium, in which several central bankers, including Fed's Yellen, ECB's Draghi and BoJ's Kuroda are due to deliver some potential market moving headlines.



AUD/USD saw the largest move, after buyers managed to chew a slack of offers above the 0.93 area to set a session high of 0.9318. USD/JPY tested Thursday's high but failed to see enough commitment from the buy side to extend gains, leading to a retracement towards 103.80 on some profit-taking before Yellen's speech. The rest of G10 currencies presented very limited moves to report.



In the fundamental front, the Asian calendar was vacant, as it it in Europe, with only Canada's CPI and retail sales risk events to pencil in before headlines out of Jackson Hole start hitting the wires.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/JPY: Will Yen find love on safe haven appeal?

  2. Forex News

    EUR/USD drops to 1.1095-1.11 band

  3. Forex News

    EUR/USD: Bullish bias might end below 1.1090 – FXStreet

  4. Forex News

    Euro Faces Weekend Gap Risk with Greek Referendum Sunday

  5. Forex News

    USD/JPY testing the 123.00 support

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!