- Nationwide UK consumer confidence 47 in January, down from 54 in December
- Japan’s December tertiary index -0.8% MoM
- Japan wages +0.1% YoY in December
- Regional stockmarkets rise by around 0.5%
- Gold $1374/oz, oil $84.60/bbl
Another very quiet Asian session which saw a brief flurry of activity in the EUR/USD but nothing thereafter. Rumours of ACB buying in the EUR/USD saw it move from it’s NY closing level of 1.3490 to highs around 1.3540 but momentum has been totally lacking. Ranges: 1.3484/1.3539
USD/JPY has been even quieter than usual despite the move above 83.70 technical resistance overnight. The economic data releases have been ignored and a 16 pip range, 83.67/83, has been the sum of Asia’s endeavours.
Cable ignored the slightly disappointing UK consumer data and has edged higher through the session. Ranges: Cable 1.6124/64, EUR/GBP .8362/78
The AUD/USD has drifted higher more due to mild USD weakness on the session rather than any AUD bullishness. Ranges: .9960/1.0008
