JPY Gains After BOJ Stands Pat, AUD Hit By Data

 
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        0644 GMT [Dow Jones] Yet another fairly uneventful overnight FX session where the USD index didn't stray far from 80.00. Fed speakers on tap had mixed views with NY Fed President and voter Dudley (dove) expecting rate hikes by the end of 2015, while Philly Fed President Plosser (hawk ) said the Fed may have to raise rates sooner rather than later. Equities were hurt by poor earnings rather than Fedspeak with the S&P and Dow shedding 0.6% and 0.8% respectively. In Asia, AUD continued to slide, this time on the back of weak consumer confidence while JPY strengthened after the BoJ left policy unchanged and the Nikkei closed 0.24% lower. USD/JPY traded below 101.00 for the first time in 3 months. For Wednesday, UK retail sales and the BoE May minutes grab attention while the afternoon session is dominated by Fed speak (Dudley, Yellen, George, Kocherlakota) and the FOMC May minutes.gary.stride@wsj.com
        (END) Dow Jones Newswires

        May 21, 2014 02:44 ET (06:44 GMT)

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