Session recap: Aussie weakness jumps out during quiet session

FXstreet.com (Barcelona) - The Asian session featured a minor bounce in the recently beat-up yen and euro at the same time as a continuation of the recent misery in the Aussie dollar.

Aussie and Canadian Dollars continue bearish action - although some crosses nearing support

Friday’s session in Asia saw continued bearish trading in the Australian and Canadian Dollars – likely due to a combination of recent factors including weak Chinese data, a bullish US data flow and Dollar and corresponding commodity weakness.

Yen seeing small buying interest Friday

The Yen meanwhile is rebounding modestly after its very nasty down day on Thursday. Overall, it has been a fairly quiet session – outside of the sizable move in the AUD.

Main headlines in Asia:

USD/JPY blasts out of consolidation pattern – now facing critical resistance at 101.46

AUD/USD falling at almost a perfect 45 degree angle; key support 0.9190

Flash: What are the implications of tapering for the Aussie? - TDS

Kuroda: Yen weakness a correction from excessive strength

EUR/USD correcting higher after Wednesday’s bludgeoning; resistance now 1.3521