- Japan unemployment rate falls to 4.1%
- Japan industrial output falls by 4% MoM
- Japan CPI +0.2% YoY
- UK consumer confidence at lowest level in 30 months
- South Korean trade surplus eases in September
- PBOC fix USD/CNY at new record low, 6.3290
- Regional stockmarkets rise by 1.5% on average
- Gold steady at $1748/oz
Pretty quiet session in Asia after some big moves overnight. Profit taking out of Tokyo in the JPY crosses and some moderate corporate selling in the AUD/USD have been the only flows of note.
AUD/USD opened in Asia above 1.0700 and spent the morning trading in a quiet 20 pip range. Once Tokyo opened, the downward pressure increased slightly and reports of trouble inside the MF Global group increased risk-off sentiment and therefore encouraged AUD selling. Ranges: 1.0651/1.0719
EUR/USD has had a surprisingly tight 40 pip range after the massive volatility of the previous 24 hours. Most EZ leaders are probably exhausted after their long negotiations and we heard no comments or statements. Ranges: 1.4158/1.4200
EUR/GBP opened above imporatnt resistance at .8800 and this along with the poor UK consumer confidence data gave the pound a bearish tone, although once again the ranges were very tight.
USD/JPY traded 75.79/99 and USD/CHF .8593/.8619
