Asia Recap: Aussie a tad firmer

By FXstreet.com | 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.



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