FXStreet (Bali) - The Australian Dollar along with the Japanese Yen were the top performers in a slow Asian session.

AUD/USD was buoyed by positive NAB business survey for June, with both sentiment and conditions components coming above market expectations. The rise in the Aussie, however, was well contained by the 0.94 round number.

NZD/USD traded initially lower on poor business confidence out of New Zealand for the month of June, coming at 32% vs 51% last. THe drop was short-lived though, as the Kiwi managed to track AUD's gains and recover the 0.8760 level.

USD/JPY was pushed lower in early Tokyo trading with Japanese stock tracking losses from the US stock market, up until the lunch break, when an abrupt turnaround sent the Nikkei 225 back to a flat line for the day after being down more than 0.5% in the early hours of trading. The recovery assisted Yen crosses, with USD/JPY testing 101.80 offers from a low of 101.65.

The rest of G10 currencies, including Euro, Pound, Canadian Dollar, Swiss Franc vs US Dollars respected familiar ranges as usual ahead of Europe.

Main headlines

Japan Trade Balance - BOP Basis up to ¥-675.9B in May from previous ¥-780.4B

Japan Current Account n.s.a. above forecasts (¥170B) in May: Actual (¥522.8B)

Australia: NAB business survey shows marked improvement

PBOC's Liu: China should make more use of bankruptcy law

Related Articles
  1. Forex Education

    Four Currencies Under the Spotlight in 2016

    With currencies having become the “tail that wags the dog,” in terms of their impact on the global economy, these four currencies will be under the spotlight in 2016.
  2. Forex Fundamentals

    These Currencies Are The Biggest Losers Of The Stock Downturn

    Here’s a list of the hardest-hit currencies amid the global stock market mayhem.
  3. Forex Strategies

    Will the Euro Continue to Rally? (EUO)

    The euro is rallying. Should investors chase this performance or is the real opportunity on the other side of the trade?
  4. Investing News

    China’s Forex Reserves Dropped Significantly

    China’s forex​ reserves dropped by a record $93.9 billion at the end of August to $3.56 trillion because the Central Bank has been selling dollars to provide a cushion to the falling yuan​
  5. Forex

    The Pros and Cons of a Fully Convertible Rupee

    Amid the rising economic power of India, the talks of making the Indian currency fully convertible are gaining momentum. We look at the pros and cons.
  6. Forex Fundamentals

    Chinese Yuan an Unlikely Reserve Currency

    As the world's second largest economy, China's challenge to America’s dominance includes a push to make the yuan (RMB), the world’s reserve currency. Whether it can do that now is unclear.
  7. Economics

    How Currency Enforcement Helped Sink The Trans-Pacific Partnership (TTP)

    One particular barrier to trade that has received much attention of late and caused delays in negotiations of the TPP is exchange-rate manipulation, by which a country artificially devalues its ...
  8. Forex

    Top U.S Forex News Sites

    Breaking news moves forex markets. Here are the top U.S. sites for tracking forex news.
  9. Investing

    Financial News Comparison: Bloomberg Vs. Reuters (BAC, GOOG)

    Access to financial information has grown with the expansion of digital news. Bloomberg and Thomson Reuters lead the pack, claiming a majority of the business information market.
  10. Economics

    Who Benefits From South Korea's Lowered Interest Rates?

    South Korea is the latest country to cut interest rates in an attempt to stimulate economic growth.
COMPANIES IN THIS ARTICLE
Trading Center