ForexLive Asia-Pacific FX news wrap: USD a touch weaker, not much in it

In
Asia Tuesday
markets remained closed in:

for
Lunar New Year holidays. The full list of the extended Asian timezone
holidays can be found here:

The
absence of key markets meant thin liquidity trade in the region.

News
flow
was limited. We did get preliminary PMIs for January from Australia
and Japan. These tend to be have only a very limited impact, if any
at all, on forex rates.

Australian
business confidence data showed a small improvement in January, while
business conditions dropped lower, to still solid levels historically
though, January came in at 12 vs. a long run average around 5 (see
bullet above for more detail on the NAB report).


The
USD is mixed on the session and in mainly small ranges.

USD/JPY
has dribbled lower, retracing some of its Monday upmove.

Asian
equity markets:

Japan’s Nikkei index has recovered its losses from the BOJ shock announcement in December: