AUTOREFRESH 
ForexLive Asian market wrap: AUD rallies after strong employment data
- Australian unemployment rate falls to 5.1%
- Japan’s big manufacturers sentiment index +13.3, up from 10.0 in previous quarter
- Japanese government meeting ends with usual talk about intervention but no concrete action plan
- South Korea surprisingly leaves rates unchanged
- China’s agricultural commodities fall heavily
- Singapore Dollar reaches record levels against the USD, MAS seen buying USD/SGD
- Regional stockmarkets +0.5% on average
The AUD has been the biggest mover on the day, moving higher across the board on stronger than expected employment data. Turnover was heavy above .9200 in the AUD/USD as AUD buying against all other majors helped to work through some good-sized sell orders. Ranges: AUD/USD .9172/.9235
USD/JPY moved higher in early trade as a stream of bullish sentiment passed through the interbank market. USD/JPY briefly traded above 84 and EUR/JPY closed in on 107 before the momentum waned. The lack of anything concrete from this morning’s government meeting also encouraged longs to bail out. Ranges: USD/JPY 83.67/87.02, EUR/JPY 106.45/94
EUR/USD has moved around with flows in EUR/JPY and it has also been impacted by EUR/AUD selling. Range: EUR/USD 1.2713/42, EUR/CHF 1.2863/97
Cable has been quiet in a 25 pip range and the cross has slid lower in line with EUR selling against the other majors. Ranges: Cable 1.5452/77, EUR/GBP .8221/39.
Markets: Nikkei +0.7%, HK +0.6%, Seoul flat, Shanghai -0.3%. Gold $1257/oz. Oil $74.50/bbl.
Noda conducting simulation FYI http://www.automatedtrader.net/real-time-dow-jones/15815/japan-noda-conducting-various-simulations-on-fx-action
GBPUSD is consolidating between moving averages. 20-D and 50-D are south-bound and are resistance at 1.5490 and 1.5474 respectively. 10-D SMA is support at 1.5430. Momentum is negative on daily chart. Unless some positive news comes to prop up the pound, it should break downwards and get close to 1.51 next week.
More on intervention. although it’s getting boring http://www.businessweek.com/news/2010-09-09/yen-intervention-is-inevitable-to-save-industry-barclays-says.html
I guess their using a demo account for the simulation