ForexLive Asian market wrap: Australian unemployment drops surprisingly

Australian unemployment rate falls to 5.1%, better than the 5.3% expected Economy adds on 46,000 new jobs, with 12,000 full-time UK consumer confidence improves markedly from 38 in December to 47 in January Greek FinMin says Greece has fulfilled all requirements, but he also accuses some EZ members of wanting Greece out Singapore Q4 GDP -2.5% QoQ, +3.6% YoY China January FDI -0.3% YoY Australian stocks -1.5%, Korea -1%, elsewhere -0.5% on average. Gold $1725/oz; Oil $101.50/bbl Another very quiet session in Asia with only some brief volatility in the AUD and EUR to report. EUR/USD opened in Asia near 1.3055 and drifted slowly lower before taking out the NY lows at 1.3043. The next target was a daily low at 1.3025, but there was no fight there, with bulls saving their ammunition for a suspected barrier at 1.3000. Solid bids were reported between 1.3000/05 and the low at 1.3006 would seem to confirm this. Ranges: 1.3006/68 AUD/USD spent the majority of early trade near 1.0690/00 but it saw a quick 50 pip spike immediately after the strong jobs data. EUR/AUD also got close to recent record lows but the Aussie was unable to maintain this bullish momentum and fell back to opening levels. Ranges: 1.0664/1.0738 USD/JPY drifted lower as risk-off sentiment weighed on the Yen crosses. Ranges: 78.33/52, EUR/JPY 101.97/102.51 Cable 1.5661/97; EUR/CHF 1.2058/71