ForexLive Asian market wrap: AUD drifts lower on China services PMI

HSBC China services PMI steady at 52.5 Official China PMI 52.9, down from 56.0 in December NIESR downgrades UK growth expectations for 2012 Japanese FinMin Azumi comments again against excessive speculation Fed's Fisher speaks out against QE3 EUR/CHF: 20 billion+ in stops reported just below 1.2000 Regional stocks -0.25% on average Gold $1760/oz; Oil $96.50/bbl Quiet session in Asia ahead of tonights NFP data. AUD/USD opened near 1.0710 and has drifted slowly lower on a typical risk-off Friday in Asia. Solid selling interest has been reported out of Asian players, for the second successive day. Range: 1.0671/1.0714 EUR/USD has traded in a 30 pip range, just like it did during NY, with the market totally in holding mode ahead of the NFP. Ranges: 1.3112/49 USD/JPY 76.11/24; EUR/CHF 1.2043/56; Cable 1.5783/1.5822