AUDUSD moved to session lows on the back of...>

FOREX: AUDUSD moved to session lows on the back of a soft Aussie labour market

report & as the prior report was revised lower, hitting a low of 0.7764, before

sharply reversing to last deal at ~0.7790, with little in the way of fundamental

headlines since the release, although iron ore & copper prices are higher.

- NZD popped higher on the back of the slightly better than exp. New Zealand CPI

print. Earlier on RBNZ Gov. Orr noted that the RBNZ "expects very benign

inflation going forwards." Orr went on to say that "what really matters is the

confidence and expectation and belief that we are aiming for that midpoint of 2%

all the time." After easing back to session lows NZDUSD last trades relatively

unchanged at 0.7325.

- JPY crosses have moved higher as equities ticked up & the Trump-Abe summit

delivered a warmer tone re: trade, although both leaders are seemingly sticking

to their original stances. USDHKD cross saw a degree of profit taking as the

HKMA tried to instil a sense of calm. EURUSD stuck a tight range with a notable

amount of FX option expiries in play between 1.2300 & 1.2400.