ForexLive Asian market wrap:

Chinese home prices fall in more than half of 70 cities surveyed PBOC sets USD/CNY mid-rate at 3.3080, down from Friday close near 6.3225 Chinese government economist says EUR and USD trying to depreciate to reduce liabilities New Zealand's consumer confidence improves slightly UK house prices show signs of improvement IMF's Zhu Min sees China headed for soft landing Regional Bourses +0.3% on average except Shanghai -0.3% Gold $1663/oz; Oil $107.80/bbl Very little to report again today with only a brief flurry of activity in EUR/JPY, to take out a barrier at 110.00, and thereafter all has been quiet with the majors returning to their opening levels. USD/JPY opened at 83.35, edged higher above 83.50 on the back of EUR/JPY and AUD/JPY buying, but has settled back to its opening level in very quiet afternoon trade. Ranges: 83.33/56; EUR/JPY 109.72/110.14 EUR/USD has traded in a quiet 25 pip range with EUR/JPY flows again the only significant activity. Ranges: 1.3161/87 AUD/USD broke above 1.0600 on some mild stop-loss buying as well as AUD/JPY demand but it's been one of the quieter AUD trading sessions in recent times. Ranges: 1.0582/1.0615 Cable 1.5825/50; EUR/CHF 1.2060/70
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