ForexLive Asia Wrap Up : Deadly Dull

Greece's outlook revised to negative by S&P.- bbg Bernanke defends zero rate policy.-MNI Japan June current a/c total  surplus y433.3b (forecast Y415.5b)-MNI Japan July 1st 20- day exports -2.4%, trade deficit Y580.0 bln.-MNI Japan July bank lending +1.0%/June +0.8%.-MNI Australia June value of investment housing finance +4.9% Australia June owner-occupied finance +1.3% (forecast +2%) Euro : Spent most of the session drifting lower from the 1.2400 level .   It eventually  found  support at 1.2375/80 level and has now rebounded back to 1.2395. Usd/Jpy : Also drifted lower from an opening level of  78.60 and consolidated around 78.50.  Market awaits the results of the BOJ's policy meeting tomorrow for further signs of easing. Aud : Had a softer tone to it today (after failing twice at 1.0600)  as the market looked to lighten up ahead of China numbers on Thursday . Found some good support around the 1.0525/30 level after going through previous support at 1.0550. Good Luck today