Japan's PM: Review GPIF needs to reflect end to deflation

FXStreet (Bali) - Japan's PM Abe is crossing the wires, via Reuters, noting "need to flexibly review composition of GPIF pension fund management reflecting end to deflation", adding that "won't use pension fund management directly to boost stock prices, but change in allocation will indirectly help japan's economy."

Oct 30, 2014

RBNZ sold next NZD 30 mln in September

RBNZ has published its latest FX transactions for September, in which only 30 million NZD were sold against 521 million NZD in August. As a reminder, during September, we saw the latest NZD sell-off since May 2013, with the pair losing over 6.5 cents, although as confirmed now, there was little NZD assistance exacerbating the pain in the Kiwi.

AUD/JPY: Fake breakout of 96.00, bids at 50-dma pause reversal

AUD/JPY failed to see follow through after breaking the 100-DMA above 96.00, with price reverting course from a high of 96.27 down towards 95.40 in early Asia, where the 50-DMA has now acted as dynamic support for a bounce of 20/30 pips.