The forex trading headlines for Asia trading today: Monday August 19, 2013

EUR, GBP, CHF all confined to tght ranges in Asia today.

USD/JPY was more of a mover, trading to a 97.86 high as the Nikkei rallied after the Tokyo Stock Exchange opened for the week. Exporter selling, though, and a tumble in stocks, saw USD/JPY to session lows, hitting 97.36 before settling sideways and ticking quietly higher to mid-range around 97.55.

NZD/USD weathered headlines related to further dairy scares, trading as low as only 0.8093 before finding good support. AUD and NZD rallied, taking the kiwi to a 0.8129 high.

AUD/USD was bid pretty much the whole session, US names the early buyers taking it above 0.9200 and after a pause back below the figure on to take out the sellers at 0.9220/25 and fill stops above here. The run was not sustained above 0.9330 (33 the high) with liquidity seekers happy to take on the buy stops and seeing it fall back to 0.9210/15 as I write.