Asia Recap: Aussie a tad firmer

By FXstreet.com | Updated August 14, 2014 AAA

FXStreet (Bali) - A slow session in Asia, with tight ranges in all G10 currencies dominating.



A vacant Asian calendar did not help to attract order flow, with the little business seen favouring AUDs the most, which traded towards USD 0.9322-25 week highs.



USD/JPY saw also marginal gains, currently at 102.50, with the rate slowly but firmly approaching 102.70-103.00, area where selling interest should grow significantly.



NZD/USD saw early pressure in Tokyo, a retracement seeking liquidity, although it was perceived as an opportunity to buy on dips given the bounce seen and recent sharp declines, with technical evidence of a temporary base at 0.84 growing.



In Europe, with most financial centers closed due to public holidays, all the focus will go to the Sterling, which sees the final UK GDP numbers for Q2 being published.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    GBP/USD struggles above 1.5400

  2. Forex News

    What's next: EU CPIs, UK PMI eyed; AUD offered ahead of RBA

  3. Forex News

    USD/JPY break above 120.00 to target 120.50 – OCBC

  4. Forex News

    AUD more short, JPY less short - Nomura

  5. Forex News

    USD/JPY Technical Analysis: 120.00 Still Limiting the Upside

Trading Center