Forex news for Asia trading Tuesday 16 December 2014

The Nikkei225 stock index in Japan continued to lose ground through the session today (as of writing), which in tunr weighed on USD/JPY.

As the USD/JPY fell, the USD lost ground pretty uch across the board with EUR, GBP AUD and NZD all ticking higher.

The HSBC flash China PMI (see bullets, above) came in at a contractionary reading – the first in 7 months. While it would be expected that the AUD woud fall on such news it had fell quite quickly in hte minutes leading up to the release, which was curious. It found a bid after the data and gained to new session highs (not by much) and i leave it in the upper end of the range. NZD/USD followed a similar pattern.