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Trader, analyst and instructor with a 6-year experience

June 13: Asian session

MSCI Asia-Pacific Index of stocks erased declines, with oil producers surging on the highest crude prices in eight months as violence in Iraq spurred supply concerns.

USD/JPY rose from 101.70 to 102.00. The Bank of Japan left its policy unchanged, but the policymakers upgraded their assessment of overseas markets. Now investors are waiting for Kuroda’s press conference (06:00 GMT).

Commodity currencies retraced lower in the Asian trade following the yesterday’s rally. AUD/USD weakened to $0.9410 before recovering to $0.9415. NZD/USD corrected from the $0.8700 resistance to $0.8665. New Zealand business manufacturing index lowered from 54.4 to 52.7. Gold is trading under a slight bearish pressure around $1271.8.

EUR/USD is trading on the upside in the $1.3550 area. GBP/USD rose to $1.6970. Fitch affirmed the UK’s AA+ with stable outlook. Bank of England’s Governor Carney says interest rates could rise sooner than markets expects.

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