ForexLive Asian market wrap: USD slips slightly in listless trade

RBA minutes released suggesting the next interest rate move will be up President Obama warns China on FX reform USD/CNY fixed at record low Regional stockmarkets flat to slightly higher Gold consolidates above $1280/oz after another record high overnight Dealers showed very little interest in getting involved today and bar a few moderate flows it has been a very quiet session. USD/JPY is again influenced by talk of big plays either side of the market with the BOJ said to be bidding at 85.50 and large corporate sell orders sitting above the market starting at 86.25. Ranges: USD/JPY 85.51/77, EUR/JPY 111.88/112.19 EUR/USD moved swiftly higher earlier in the session after a reportedly moderate flow from an investment bank. Sovereign activity is seen to be quite substantial either side of the market, keeping ranges tight. Ranges: EUR/USD 1.3059/97, EUR/CHF 1.3115/55 Cable has moved higher in line with the EUR, with the cross stuck around the pivotal .8400 level. Ranges: Cable 1.5545/85, EUR/GBP .8396/.8408 The AUD was unaffected by the release of the RBA minutes with most of the bullish sentiment already written in after the hawkish comments from Governor Stevens yesterday. It has given up a bit of ground on the crosses. Ranges: AUD/USD .9443/78