ForexLive Asia Wrap: Quiet Market on a Tokyo Holiday

The forex trading headlines for Asia trading today

Cypriot parliamentarian Mavrides on BBC TV: If remaining 6bn euro cant be raised, Cyprus might leave euro
Australia: Westpac/MI January Leading Index +0.3% (vs. +0.3% prior)
Australia: DEWR February Skilled Vacancies 1.5% (vs. -0.7% prior)
Merrill Lynch lowers China GDP forecast for 2013, from 8.1% to 8%
New Zealand total job vacancies fell 3% in February
New Zealand online skilled job vacancies fell 2.5% in February
New Zealand Q4 Current Account -3.255B (vs. -2.95B expected)
New Zealand Q4 Current Account to GDP ratio -5.0% (vs. -4.9% expected)
South Korea mulling a supplementary budget to help slowing economy
Trichet: No element of contagion from the Cyprus crisis, as Cyprus is a very special case
New Zealand finance minister English said the NZD about 15% overvalued according to RBNZ, and that he agrees with IMF, NZD intervention would be futile
Sydney to host G20 finance ministers meeting February 21 – 23, 2014
PBOC to allow QFIIS to invest in interbank bond market

The session today was disappointingly quiet for currency movements after all the activity in Europe and the Americas overnight. Tokyo was on a holiday today, reducing liquidity in the markets and, seemingly, any appetite for action.

Yen had some movement early on, ticking toward 95.20 before falling away to 94.80/85 and stabilizing then for the session.

AUD found support below 1.0355, fetting back to 1.0380 in the afternoon.

NZD weakened marginally, Bill English's comments having only limited effect.

EUR/USD had a 15-point range, sitting just above last night's lows as we go into Europe awaiting more turmoil out of Cyprus.