Forex trading headlines for Asia Friday 30 May 2014

USD/JPY gave a little ground today. Analysts perceived the CPI data results as lessening the chances of any imminent further easing from the BOJ. The move wasn’t large. off around 25 points toward European timezone lows, with support coming back in on the session around 101.45/50. EUR/JPY gave away some ground too, with little movement in the EUR/USD.

GBP/USD ground out a small gain, up around 20 points on the session.

NZD/USD was active, albeit in a not large range. it tested toward 0.8500 resistance in the early going after the better than expect building consents data, but was rejected ther again. Buyers emerged at 0.8475/80 and took it briefly above 0.85 before settling just below there as I write.

AUD/USD sneaked higher too. Early AUD/JPY (and NZD/JPY) helped it along, and it found buying above 0.9300 from the middle of the session on, but respected the selling around 0.9320.