- Japan FinMin Azumi watching markets closely, will take appropriate action
- Japan March wages revised down to +0.9%
- Latest polls show Greek voters returning to pro-bailout parties
- South Korean FinMin: KRW moves are excessive
- Chinese home prices -1.2% YoY, compared with -0.7% last month
- Regional stockmarkets fall by over 2%: Kospi -2.75%; Nikkei and Hang Seng -2.25%; Australia -1.8%; Shanghai -1%
- Gold holds onto sharp overnight gains, trades quietly near $1575/oz; Oil $92.50/bbl
Overall a fairly quiet session after some big overnight moves. There was one brief flurry of stop-loss selling in the NZD but apart from that its been an orderly end to the week.
Comments from the Japanese FinMin failed to rally the Yen crosses and even the pro-bailout party Greek poll results failed to get EUR/JPY up off the floor. Dealers reported some decent buying interest in the cross but sellers remain relentless. Ranges: USD/JPY 79.27/45; EUR/JPY 100.56/87
EUR/USD tried to establish itself above 1.2700 in early trade but reports of sell orders as close as 1.2720 set the tone. Falls have been orderly and the Greek poll results had no impact. Ranges: 1.2668/1.2708
AUD/USD eyed and triggered stop-loss orders below .9870 and again below .9860 before stalling at corporate bids near .9850. The stop-loss selling in the Kiwi then added some more momentum taking the Aussie to its session lows before momentum died. Ranges: .9831/97
Cable 1.5751/93; EUR/GBP .8032/50; EUR/CHF 1.2006/11
