ForexLive Asian market wrap: Greek austerity measures pass through parliament

Greek government got the necessary majority to pass the new austerity bill Civil unrest escalated in the run up to the vote Japan's annualised GDP fell by more than expected, -2.3% Japan PM Noda: Does not intervene with specific FX levels in mind Australian owner occupied housing finance +2.3% MoM China to fine-tune economic policy in this quarter CBI cuts UK growth forecasts Regional stockmarkets +0.25% on average; Gold $1728/oz EUR/USD opened higher in early interbank trade on the prospect of the latest Greek austerity measures passing through parliament. The pair had closed in Friday near 1.3170, opened near 1.3200 and hasn't broken lower since. The session highs were reached immediately after the bill passed, but hourly technical resistance at 1.3260 has held firm. Ranges: 1.3182/1.3259. AUD/USD has followed the lead of the EUR/USD, with little or no local or Chinese events to add any volatility. Ranges: 1.0676/1.0744 USD/JPY was unmoved by the poor GDP numbers, trading a 77.53/77 range. Cable 1.5757/97; EUR/CHF 1.2082/1.2100