Forex news for Asia trading Wednesday 29 October 2014

Still to come!

A sideways session for most currencies in Asia today ahead of the big meeting at the RBNZ FOMC coming up today.

Despite the lack of movement there was a notable data release with preliminary September industrial production results from Japan (see bullets, above). The m/m gain was the fastest since January and after strong retail sales data yesterday (rising at the fastest pace since March) it is another sign that the Japanese economy might well be bouncing back after the sales-tax hike 6 (nearly 7, now) months ago.

Oil was a small gainer through the session, up half a buck on session lows.

Asian equities were generally higher on the session (as of writing), the Nikkei, HangSeng and Kospi all registering gains.