The forex trading headlines for Asia trading today: Tuesday September 24, 2013
No economic data released in Asia today
- Sankei Shimbun reported that Bank of Japan Deputy Governor Kikuo Iwata is confident the bank will meet its 2% inflation target
- Maarten Verwey, Deputy Director-General for Economic and Financial Affairs of the European Commission made comments during an interview, saying the biggest challenge for Europe is transitioning to growth
- Xinhua news agency reported a survey showing most of China’s small and medium companies have seen profit growth slowing this year
NZD selling was the stand-out move in an otherwise fairly quiet Asian trading session today. AUD/USD and NZD/USD both lost ground in morning trade, with AUD finding support under 0.9400. NZD/USD, though, lost further ground, not finding support along with the AUD, with sellers hitting it down below 0.8320. Obviously, with such steep losses against the USD and other pairs relatively quiet, the NZD suffered too on the crosses.
Asian stockmarkets had a weak morning.
The yen gained on this ‘risk-off’ sort of sentiment, but not to a huge extent, with the USD/JPY finding buyers around last night’s American-session lows around 98.65/70.
Other currencies were dead quiet