Forex News: Little Movement In Yen And Aussie

The yen and Aussie are showing some movement worth to watch in the Monday Tokyo open. Both currencies failed to make a much more advance on account of slow activity.After hitting a session high of 0.9292, the AUD/USD consolidated at around 0.9280. Further support was withdrawn due to the late decline in iron ore prices up to almost 5%.

In the Asian session, the USD/JPY opened in a small range. At 5:35 GMT, the USD/JPY pair traded at 102.04, while hitting a session high of 102.23. Both Euro and Pound traded with no large movements in the Asia session. The New Zealand Kiwi traded unbiased and stayed neutral at 0.8575.

Some of the main headlines happening in Asia that will influence the market are the sharp fall in the iron ore prices of almost 5%. The expectations of the Japan Retail Trade on a YoY basis predicting a 11% in March. The International Monetary Fund predicts a growth of 7.5% in the Chinese economy in the year of 2014 and 7.3% in the year of 2015.