Session Recap: USD and Yen eases post-IMF; Napolitano reelected

FXstreet.com (Barcelona) - Quiet session in Asia again as it has been so last few trading days, with USD gapping lower on Euro strength and Yen weakness, following Italian President Napolitano reelection, and IMF positive comments on BoJ monetary policy measures.

EUR/USD is higher at 1.3076, AUD/USD at 1.0298, USD/JPY at 98.86, while Cable flat at 1.5235, and Gold and Oil also higher at fresh session highs $1422 and $88.40 respectively. All local share markets but Shanghai show gains, lead by Nikkei index near +2%, and Korean Kospi +0.75%.

In the data front, Visitor arrivals month to month in new Zealand rose +1% coming from a previous +4.6%, while Credit card spending also in NZ showed a +3.6% increase from previous +4.7%.

Main headlines in the Asian session:

Napolitano re-elected Italian President

Forex: EUR/USD above 1.3050 after Napolitano reelected

Forex: USD/JPY edges higher on spill-over strength from last Friday

Forex: EUR/JPY opens sharply higher, pair set to re-test 131.00?

Commodities Brief: Potential “bear flag” patterns forming on gold and silver charts

Forex: AUD/USD trading in narrow range, CPI due out later in week

BOJ Aso says policy aimed at beating deflation, not to weaken Yen

Forex: NZD/USD drifts higher, rate decision due out later in week

Forex: EUR/USD drifting sideways as range bound behavior continues