- Yoshihiko Noda is new Japanese PM elect
- Japanese unemployment rate 4.7%, versus 4.6% expected
- Japan’s retail sales slow to +0.7% YoY
- UK consumer services optimism slumps
- Australian building approvals +1.0% MoM (2% expected)
- Regional stockmarkets gain 1.25% on average
- Gold $1800/oz
Another incredibly quiet session in Asia with EUR/USD seeing a range of 21 pips.
The NZD was the only currency to make any move at all, triggering stops above .8500 in NZD/USD and also making ground against the AUD. AUD/USD traded in a 1.0653/85 range, rising firstly alongside the NZD/USD but falling back on AUD/NZD selling and worse than expected building approval data.
USD/CHF continued to edge higher as the CHF gives back gains made in recent weeks against all other majors. Ranges: .8150/86
The other pairs traded in 20 pip ranges and don’t warrant any comment.
