- China seen adding to US Treasuries holdings
- PBOC sets Yuan mid-point at 6.3200
- BOJ February minutes: Some mention of raising inflation goal
- Geithner: Strenuously against near term reduction in deficit spending
- Fed’s Lacker: Thinks interest rate rises will happen in 2013
- Regional bourses stay very flat
- Gold $1663/oz; Oil $105.50/bbl
USD/JPY has tried to move a few times but has been stuck in a 40 pip range. The overnight drop has convinced many bulls to book at least some interim profits but the Asian market was unable to break below the NY lows at 83.25, a sign of the continuing strength in this pair. Trailing stops are noted below 83.00. Ranges: 83.23/62
EUR/USD has edged higher in quiet trade with mildly softer USD sentiment and continued EUR/JPY support helping out. Flows were light and the next batch of sell orders are reportedly at 1.3120/25. Ranges: 1.3065/99
AUD/USD has consolidated yesterday’s gains and finishes the session unchanged. AUD/JPY continues to struggle in its attempts to break above 88.00. Ranges: 1.0505/50.
Cable 1.5691/1.5724; EUR/CHF 1.2067/81
