FXStreet (Bali) - The Japanese Yen was the top performer in Asia, while the Kiwi continued to trade heavy near weekly lows.

On the fundamental space, low-profile events failed to move currencies. In New Zealand, s/adjusted adverts were up 5.7% in June vs previous month, 17.3% from one year ago, according to an ANZ survey. In Australia, the NAB business confidence for Q2 came at 6 vs 7 in Q2.

USD/JPY was rejected off 1.1.70-90 supply zone, taking the exchange rate for a 20 pips ride lower towards 101.50 session low, where bids contained further declines. The Nikkei 225 traded flat for a second consecutive day.

AUD/USD failed to extend the rebound off 0.9330-40 demand area, with last US session highs at 0.9370 leading to a minor setback towards 0.9350-55.

NZD/USD was also heavy, with traders not committing to buy the pair on the deep setback seen this week, on the back of lower-than-expected NZ CPI numbers and dairy auctions.

The rest of G10 currencies vs USD traded in small ranges ahead of the European session, in which the final EZ CPI reading will take center stage.

Related Articles
  1. 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​
  2. 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.
  3. 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.
  4. 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 ...
  5. Forex

    Top U.S Forex News Sites

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

    Financial News Comparison: Bloomberg Vs. Reuters

    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.
  7. 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.
  8. Forex Education

    The Top Uses For P2P Currency Exchange

    Peer-to-peer (P2P) currency exchange networks offer a viable and cheaper alternative for buying and selling currencies.
  9. Forex

    Steps To Open An Offshore Forex Account

    Here is a simple breakdown of how to open an offshore forex account for US-based users, including legal requirements.
  10. Entrepreneurship

    Top Forex Trading Apps

    A brief overview of the top apps that help forex traders with on time information, charts and more.

You May Also Like

Trading Center