• Australia AiG construction index fell to 30.9, lowest in 12 months.
  • Fed’s Bullard ‘mistake to tie monetary policy explicitly to unemployment rate. Price path ‘signature’ shows U.S. monetary policy ‘optimal’.-MNI
  • Japan official reserves rise to $1,277.00 bln.
  • Japan trade data from the MOF-MNI
  • BOJ leaves rate unchanged at 0.1%, announces no new monetary steps, and cuts assessment of economy.

Hopes for something different out of the BOJ were dashed as they left rates and policy unchanged. The market is now looking ahead to the U.S. employment numbers for direction. Let’s go with a slightly negative number to give poor ole Gov. Romney a fighting chance against the ‘Big O’. The dollar was a mixed bag tonight with the euro lagging as the yen and aussie strengthening.

EUR/USD was a non-event trading from a high of 1.3022 to a low of 1.3008. Small bids at 1.3000 and down below stronger support at 1.2970. Sellers up at 1.3030/35 with 1.3050 being a key pivot point.

USD/JPY bounced around above 50 most of the session and tested lower after the BOJ announcement. Offers above at 78.60/65 with stop reported at 78.80/85. Some bids around these levels at 78.20/30.

AUD/USD found a bid down around 1.0230 and bounced nicely most of the session reaching a high of 1.0270. Good selling here at 1.0275 but hearing stops above 1.0280.

TGIF, have a good weekend all.