ForexLive Asia Wrap Up:

Greece approves austerity measures 153 to 128, clears way for budget vote. China starts its leadership turnover today.  Hu says corrupt officials must be punished 'without mercy'. Love that one. New Zealand 3rd Qtr jobless, employment numbers disappoint. Rate rose to 7.3% with market expecting 6.7%. New Zealand's English says jobless rate too high. New Zealand October QV house prices rose 5.7% y/y. Moody's says NZ consistent with its current triple A, stable outlook rating. Japan September machine orders fell 4.3% m/m - MNI Japan current account surplus down 68.7% y/y-MNI Japan October bank lending rose 1.1%-MNI Japan Trade deficit Y308.42 Bln. Exports down 5.1%-MNI Japan October average office vacancies fall to 8.74%.-MNI Australia October employment change rose 10.7K, unemployment rate at 5.4%, much better than forecast. EUR/USD was not motivated to move on the Greek austerity measures being past staying near opening levels of 1.2775/80.  A bit of risk off sentiment kept it weak as market  was content to sell EUR/JPY also.  Some support down at 1.2735/40 with stops scattered below to 1.2690. Topside offers starting at 1.2780 through to 1.2800, with stops above.  ECB  and BOE interest rate decisions to be released later today with no changes expected. USD/JPY drifted lower from the opening highs of 80.00. With risk off trades going through, USD/JPY briefly went below 79.80 but has been comfortably nestled around the 79.90 level.  Some resistance at 80.00 but stronger offers above at 80.40/50.  Good support 79.60 through 79.80 with stop building below 79.50. AUD/USD Breached the 1.0400 level early in the session testing  and finding support at 1.0380. After better than expected employment numbers, AUD/USD spiked from 1.0390 to a high of 1.0425. Good selling interest at 1.0430/40 stalled the rally . After being in a holding pattern near the highs it quickly sold off as 'risk off' selling sent it back through 1.0400 briefly. Have a good day.