ForexLive Asia Wrap Up

U.K. GfK July consumer confidence at -29 . (as expected)- MNI. Japan July manufacturing PMI 47.9 vs. 49.9 in June . Japan June jobless rate 4.3% vs expected 4.4% .-MNI. Japan June job to applicant ratio 0.82 as expected.-MNI. Japan June household spending y/y at +1.6% vs. expected +2.9%, m/m at -1.3%  vs. expected -0.6%.-MNI. Japan June labor cash earnings fell 0.6% y/y.-MNI. Japan FM Azumi speaks again, his usual , ready to act, will monitor, Yen doesn't reflect economy, and that other countries are starting to share Japan's view on currencies. NBNZ July  business confidence 15.1% vs prior 12.6%. NBNZ July activity outlook 24.0% vs. prior 20.8%. N.Z June M3 money supply rises 5.7% from a year ago . Australia June building approvals m/m fell 2.5 % vs forecast -15%. Australia  June private sector credit rose 0.3% m/m vs forecast +0.4%. The euro spent most of the session consolidating around the 1.2260 level . Tired shorts decided to run for cover, breaking through the 1.2270 level on its way to to session highs here at 1.2289.  Euro still has a bidish tone but 1.2300 resistance might stall the mini rally. Usd/Yen 13 point range with 78.15 being the focal point . Market saw some late covering in the Eur/Yen now trading back above the 96.00 level.   Aud/Yen also recovered (after breaking 82.00 on the downside) to trade back to near the highs of the session at 82.35. Aussie $ consolidated around 1.0500 , but finally got a delayed boost from better than expected building numbers , then breaking through resistance at 1.0525/30 before stalling at 1.0537. The next level on the topside should be 1.0550 on the way up to 1.0600 . Good Luck and Good Night