The final Asia session of the week saw the greenback continue to give up recent gains. After a choppy start to the session the USD seemed to trade one way against most of the majors. Without the help of major market moving data, momentum fueled the Tokyo morning, traders quickly piled onto the dollar selloff. EURUSD traded to multi session highs near the 1.4000 handle as AUDUSD gained nearly 60+ pips in a move toward .7900. The Yen saw hefty gains as well, with USDJPY diving over 50+ pips from highs to lows.
Looking ahead, Forex traders will be focusing on data scheduled to be released in the final London and NY sessions. NY will see the bulk of top tier numbers with both GDP and consumer confidence due out of the US. German retail sales and Swiss KOF will highlight the upcoming London session.
