ForexLive Asian market wrap: Deadly quiet in Asian FX market

RBA Stevens sees no problem with Australian banks raising rates independently of the RBA RBA's Lowe expects business investment to rise by 10% this year and next Japan's CSPI -o.2% YoY Moody's: Japan has not reached point where negative developments warrant downgrade UK private sector wages show modest increase Former BOE member Andrew Sentance expects weak growth to be the normal for next 5 years Kevin Rudd confirms that he will challenge for the Australian PM job on Monday Regional stocks +0.25% on average Gold $1780/oz; Oil $108.50/bbl The AUD has again been the main mover, although these movements have been very small. AUD/USD closed in NY near 1.0720, posted a low early in the session and then rallied on the various comments mentioned above from RBA members. EUR/AUD selling towards 1.2500 also helped Aussie sentiment. Ranges: 1.0709/55 EUR/USD traded in a very quiet range between 1.0763/79 and the Asian market showed no interest whatsoever ahead of a G20 weekend. USD/JPY opened below 80.00 but talk of Sovereign buying interest 'somewhere' on the 79 handle did help bullish momentum. Barriers at 80.50 are expected to be tough to breach. Ranges: 79.89/80.32 Cable 1.5736/53; EUR/CHF 1.2046/59