ForexLive Asian market wrap: Positional adjustment before holiday weekend

Japan increases borrowing limit for FX intervention Yuan moving towards a more international role Nikkei falls 0.8%, other regional bourses -0.4% on average Gold $1380/oz, Oil maintains its bid tone at $91.50/bbl Not much to report from the Asian session which saw mild risk aversion in equity markets which didn't translate into the usual selling of JPY crosses. EUR/USD has again moved slowly higher in Asia, similar to events of recent days. After opening just above 1.3100, the pair has inched higher in a 1.3100/32 range. EUR/CHF has consolidated after some choppy overnight action, seeing a range of 1.2544/84 The AUD is reluctant to give up any of its recent gains, buoyed by rising commodity prices and corporate and hedge fund buying. Today's range has been small, 1.0022/41. USD/JPY has traded either side of 83.00 in fairly quiet exchanges. USD/JPY 82.90/83.15, EUR/JPY 108.70/109.05 Cable has been unexciting in a 1.5425/48 range with the cross trading .8491/.8508.