 Today's Asian trading session has been relatively subdued. Japan reported deeper-than-expected contraction in household spending, while Tokyo CPI core showed slowdown in line with market expectations. However, Yen's near-term rebound seems to be losing steam as these data releases have not provided significant market impetus. Meanwhile, Nikkei index returned from holiday with a bounce, though other Asian stock markets exhibited mixed performance. In contrast, Australian Dollar appeared unaffected by the much stronger-than-expected retail sales data. Commodity currencies are generally weak, but the extent of the selloff has been limited. In other currency markets, Euro and Swiss Franc are showing mild strength after Yen, while Dollar and the British Pound are mixed... |
