Currency Analyst since 2010

Jan. 13: Asian session news

FXBAZOOKA.com - Market’s sentiment is rather negative because of the falling oil prices. US oil traded below $45 a barrel amid speculation that American crude stockpiles will increase (the data will be released tomorrow).

USD/JPY hit 1-month low at 117.74 before recovering to 118.60 as Asian stocks trimmed earlier losses.

Risk assets have got some lift from the better-than-expected Chinese data: China’s trade surplus came out at $49.6B vs. $48.9B forecast. AUD/USD is trading in a positive territory, but remains limited by resistance at 0.8200. NZD/USD is fluctuating around 0.7775.

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