ForexLive Asia wrap: Small follow through on overnight post FOMC Minutes action

Almost nothing in the way of data/events to report on, with just some lower-tier data from China MNI February Flash China Business Sentiment 61.79 (55.16 prior), a big jump. Conference Board January China Leading Economic Index +1% to 253.4 (vs. +0.4% in December at 251.1) - also a good sized jump Zhou Xiaochuan to stay on as PBOC head - stability for the PBOC in this report from the South China Morning Post Japan's shadow finance minister Maehara said that the opposition would not automatically reject Muto for BOJ Governor, and that proponents of extreme reflationary policies are not desirable as next BOJ head Very little to report on the currencies today, there was small follow through lower for EUR, GBP, and AUD. Yen tried marginally higher in the morning but ran into sellers ahead of 93.85/90 and ticked lower through the session toward 93.40 in the afternoon. China's stockmarket was sold heavily today – partially as a follow-through to overnight moves, but also due to concerns of the PBOC draining funds more aggressively than expected and the potential for Beijing to tighten price controls on real estate markets.