ForexLive Asia Wrap Up : Obama Fails To Wink

Coene says exceptional circumstances warrant new measures , conditionality is essential for bond plan , gov. council will decide whether to terminate purchases .  Must intervene to make policy work -MNI Australia construction index fell 0.4 points to 32.2 , another weak Aussie number . Australia July trade deficit widened to  A$ 560 mln . with a June  revision of a 227 mln deficit from a 9 mln surplus.  repeat above , another weak number. Japan FinMin Azumi says government will run out of money by end of November.  Will restrict fiscal 2012 spending -MNI Japan August FX reserves rise -MNI  Market did what was expected of it today as it consolidated around closing levels with the exception of the AUD/USD (again ).  Weak numbers were dismissed and AUD/USD  bounced above the 1.0300 again .  President Obama failed to give us here at ForexLive the double wink indicating that the non-farm payrolls were going to be exceptional . :) EUR/USD narrow range reaching a high of 1.2642 and low 1.2626 , offers above at 1.2660 with bids starting 1.2570/80. USD/JPY the usual 10 pip range except higher 78.86/96 says it alll. AUD/USD  tried testing lower (1.0276) after construction index and trade number disappointments but failed to follow through . Confused shorts ran for cover sending it back above  1.0300 to a high of 1.0310.  Offers close at 1.0320/30 . TGIF and Have a Good Weekend .