Forex news for Asia trading Friday 28 November 2014

Do not adjust your monitors … despite all the moves EUR/USD and GBP/USD remained mired in small ranges.

Elsewhere, though …

Oil got hit lower in late Canada trade, which set the tone for the Asian day. Aussie energy stocks tanked, dragging the broader index lower. Meanwhile the Australian and New Zealand dollars continued their slide, the AUD/USD below 0.8500 (as of writing).

Yen, meanwhile, had a poor day also, with the CPI falling again (it was data dump day in Tokyo – see bullets, above). A representative from the Japanese administration made a feeble attempt to talk some strength into the currency. It didn’t work last time (around 108) and it didn’t work today, USD/JPY edging up from session highs as I write.