Asian Session: Cautious Ahead of BRIC Summit Today





G10 Advancers and Decliners vs USD
JPY 1.47
EUR 0.50
CHF 0.40
GBP 0.35
The USD gave back some of its recent gains in the Asian Session. The EURUSD traded higher to 1.3877 from 1.3760, while the USDJPY traded lower to 96.08 from 97.80. JPY crosses came under significant selling pressure, as risk appetite continues to deteriorate. The EURJPY traded to 132.75 low, while the AUDJPY slid to 76.07 from 77.50. Markets will be cautiously watching today’s BRIC summit….

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