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Forex - Japanese yen weaker ahead of Bank of Japan August minutes

Published 09/08/2014, 07:23 PM
Updated 09/08/2014, 07:24 PM
Japanese yen weaker
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Investing.com - The Japanese yen was slightly weaker in Asia on Tuesday ahead of the release of central bank board meeting minutes for August and the Aussie also fell ahead of a bank survey on business confidence and conditions.

USD/JPY traded at 106.04, up 0.02%, while AUD/USD traded at 0.9278, down 0.04%.

In Japan at at 0850 Tokyo time (2350 GMT) August money stock data is due along with the minutes of the Aug. 7-8 policy board meeting of the Bank of Japan.

Last month, the BoJ board downgraded its assessment of exports and factory output in light of weak data.

In Australia, the NAB business confidence and business conditions survey is due at 1130 Sydney time (0130 GMT). The survey is expected to show both conditions and confidence remained around the outcomes seen in July.

Also due at the same time are July housing finance data where a 1.0% month-on-month rise is expected, after a 0.2% increase in June.

Overnight, the dollar firmed against most major currencies after investors shrugged off Friday data revealing that the U.S. economy picked up far fewer payrolls in August than markets were expecting.

Last week, data showed the U.S. economy added 142,000 jobs in August, far less than the expected increase of 225,000.

The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.06% at 84.41.

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