China: HSBC China Services PMI (Jan): 54

Feb 5, 2013

Forex: USD/JPY bounce capped below 92.50

Yen has been weakening again since Tokyo open, with USD/JPY last at 92.45, off session highs at 92.51, bouncing from recent weekly lows at 91.96 printed by early Asian trade. Nikkei index is down -0.89% from yesterday's close, last at 11161 points, off session lows near the 11000 points where it started the day following a gap down at the open.

Forex Flash: EUR/USD vulnerable to a bigger correction - RBS

After the deep EUR/USD pullback off highs, "a further decline in coming weeks leading into the Italian election and to reverse its little blowout above 1.35 appears more likely near term" says Greg Gibbs, currency strategist at RBS.

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