- Chinese Index of leading economic indicators soar 1.7% in August ; eases fears of rapid slowdown
- Outgoing FinMin Azumi vows to take decisive action against JPY if necessary; BOJ action will weaken JPY in medium, long-term
- NZ FinMin: Fiscal restraint here to stay; RBNZ could ease if monetary conditions tighten
- Taiwan joins scrum over disputed islands
- Bild: ECB, Bundesbank have lawyers investigating legality of OMT bond-buying program
- RBA upbeat on financial conditions
A flurry to the topside in EUR/USD, EUR/JPY and AUD/JPY after comments from the Japanese FinMin followed by a very strong Japanese LEI index help breath a few moments of life into moribund Asian markets. EUR/USD ran into sellers in the mid-1.2950 and eased back to opening levels just above 1.2930 before stabilizing.
USD/JPY got little boost from the jawboning with the crosses fairing better. Widespread reports of Taiwanese vessels joining the dispute over the islands being argued over by China and Japan kept a lid on risk appetites.
