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    14.03.2016 07:18 Asian session: Japanese yen traded a little lower

    Weekend data from China (a miss on industrial production and retail sales, while a beat on fixed asset investment) gave us an early morning dip on the Australian dollar. This shows up as a 'gap' on many charts and, as I have said before numerous times (too often to mention, but here I go again) a small gap against the trend on an early Monday morning is a strong candidate for a filling in. AUD/USD has since traded to a fresh trend high and above last week's highs. The strength looks set to continue.

    Japanese yen traded a little lower in the Tokyo morning and then popped on the release of the Machine orders data - the data was a net yen positive but that didn't stop it from weakening. It tested (very briefly) to 114 and is below there as I update at more or less its session mid point.


    EUR/USD: during the Asian session the pair traded in the range of $1.1140-75

    GBP/USD: during the Asian session the pair traded in the range of $1.4365-85

    USD/JPY: during the Asian session the pair traded in a range Y113.65-00


    RBNZ Governor Wheeler speaks at 1900GMT. Its a non-public speech that will not be reported. The RBNZ reasons that "the majority of our presentations are off-the-record to allow wider discussions with less risk of candid dialogue being misinterpreted".

    Based on ForexLive materials


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