Asia Recap: AUD keeps weak tone

By FXstreet.com | Updated 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%



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    China's foreign reserve managment influences markets - SG

  2. Forex News

    USD/JPY Scalp Targets 119.64 Resistance Ahead of GDP

  3. Forex News

    FX Space in a snapshot - Scotiabank

  4. Forex News

    USD/JPY could hit 125.00 in the medium term – TDS

  5. Forex News

    EUR/USD breaches 1.1200

Trading Center