USD/JPY eases after slew of Japanese data

USD/JPY saw little direction in Asia. The pair saw a high of 118.47 then fell to 117.89. The slew of Japanese data out early today had little impact on trading and did nothing to change the economic scenario. USD/JPY’s 117-119 range looks to remain intact for now. EUR/JPY mirrored USD/JPY moves, off from a 134.19 high to 133.60 in thin trading.

EUR/USD moved little in the session, trading between 1.1316-38, in a holding pattern under yesterday’s 1.1368 spike high. EUR/GBP did little too, treading water between 0.7512-18 just below yesterday’s 0.7527 high. EUR/CHF likewise did little, holding nervously between 1.0440-65 after reports of more SNB intervention overnight.

GBP/USD like EUR/USD remained better bid in a tight 1.5065-80 range in Asia.

USD/CHF fell back a bit from 0.9240 to 0.9209 alongside USD/JPY shedding some of its overnight gains chalked up to SNB intervention.

AUD/USD closed in New York at 0.7762, on the bounce from a fresh trend low of 0.7720. Asia saw it up a bit more to 0.7791 in very low-key trading. Recent losses have seen order books cleaned out, and shorts were happy to pare down positions ahead of the week and month-ends around current levels. RBA comes into focus next Tuesday.

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