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21 Feb 2014
Asia Recap: Dull session ahead of the G20 meeting
FXStreet (Bali) - It has been an uninspiring Asian session, with no major moves to report ahead of the G-20 meeting this weekend.
The AUD/USD made a timid attempt to break through 0.90, however, solid bids parked around 0.8980 coupled with lack of selling conviction, managed to sustain the rate, resulting in a tight 15-20 pips range just below the big round number.
The USD/JPY saw a session high of 102.54 early in the Tokyo session, with the Nikkei rising close to 2%, but no follow-through caused the pair to trade in a comatose state within a 10/15 pips range. The BoJ minutes was completely shrugged off by market participants.
The USD/CAD had some slightly bigger moves, breaking into new weekly highs at 1.1265. Euro, Pound, Swiss Franc and Kiwi were almost unchanged vs the Greenback.
Main headlines
BoJ Minutes: QE not limited to a 2 year frame
Australian Treasurer: Australia is pushing for private led economic growth
US's Lew: Japan should get on with the third arrow of abenomics
The AUD/USD made a timid attempt to break through 0.90, however, solid bids parked around 0.8980 coupled with lack of selling conviction, managed to sustain the rate, resulting in a tight 15-20 pips range just below the big round number.
The USD/JPY saw a session high of 102.54 early in the Tokyo session, with the Nikkei rising close to 2%, but no follow-through caused the pair to trade in a comatose state within a 10/15 pips range. The BoJ minutes was completely shrugged off by market participants.
The USD/CAD had some slightly bigger moves, breaking into new weekly highs at 1.1265. Euro, Pound, Swiss Franc and Kiwi were almost unchanged vs the Greenback.
Main headlines
BoJ Minutes: QE not limited to a 2 year frame
Australian Treasurer: Australia is pushing for private led economic growth
US's Lew: Japan should get on with the third arrow of abenomics