Asia Recap: AUD keeps weak tone

By FXstreet.com | July 24, 2014 AAA

FXStreet (Bali) - The last session of the week developed in a slow fashion, with the Aussie continuing to give back part of this week's gains.



The calendar offered no currency movers, with the only two events to highlight being the Japanese inflation numbers, which came mixed within BoJ projections, while in New Zealand, business confidence kept sliding again.



In the FX market, the AUD/USD tested an ascending trendline at 0.94 round number after being well capped by 0.9425 intraday resistance. USD/JPY was littled mved, currently at 101.75-80, where a descending trendine off June highs is now keeping the upside protected. NZD/USD consolidated recent losses around 0.8570, with no sign of buyers yet.



Main headlines in Asia



Tokyo inflation numbers steady



New Zealand ANZ Business Confidence: 39.7% (July) vs previous 42.8%



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