Forex news for Asia trading Tuesday 21 October 2014

Some yen movement today despite a lack of news out of Japan. The Nikkei was down in morning trade (as of writing), while the USD/JPY drifted off from its early high around 107.00. EUR/JPY, too, weakened, down from around 136.90 (big sellers still prevalent at 137.00 and thereabouts.

EUR/USD, though, was relatively subdued, finding some support from 1.2790 and gaining a little ground toward 1.2810. Cable tracked out a similar pattern, bids ahead of 1.6150 and then tracking to 1.6170. Again, an absence of news.

AUD and Kiwi were a little more active. The AUD lost some ground in the time leading up to the Chinese GDP data release but jumped above 0.8800 on the ever so slight beat in expectations of this data (see bullets, above). AUD/USD stabilised around 0.800 and is just above there as I post this wrap up.

Oil and gold were both mainly flat on the session.

And, finally, a reminder for AUD traders going into the Europe/UK timezone, Speech still to come from the RBA today