ForexLive Asia-Pacific FX news wrap: Major forex rates little changed – ForexLive

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Major FX vs. the USD has mainly ended very little changed on the session here.
We had news crossing late in the US afternoon that US President Biden was expected to authorise US military strikes in the Middle East (in response to the weekend news that three US soldiers had been killed, and many more injured, in a drone attack in Jordan). Perhaps Biden has authorised action but there have been no news of any taking place.
In data releases during the session we had Japanese unemployment data and Australian retail sales.
Japan’s jobless rate dropped to 2.4% in December, from 2.5% in November, a very strong headline but not so much for the details:
This data doesn’t include wage indications at all.
Australian retail sales in December slumped much more than expected. Seasonal adjustment factors may have played a role (see bullets above for more on this)
Of more interest from Australia will be the Q4 inflation data, there is a preview linked above.
Chinese stocks, both mainland and Hong Kong were heavy again on the day.
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