Pip Diddy

The BOJ will be put under the spotlight this week! How will Kuroda and his gang pursue a more “sustainable” way of stimulating prices?

We’ve got top-tier reports scheduled from the Land Down Under this week! Will these help the Aussie recover from last week’s losses?

Risk aversion brought pain to the Kiwi bulls last week. Will this week’s catalysts change the Kiwi’s fate?

The yen trounced all opposition as risk aversion plagued Europe. The euro and the pound, meanwhile, were both feeling the pain. As for the Greenback, it was a net winner even as the GDP report loomed.

Geronimooooo! Asian session traders ignored the risk-friendly vibes from the previous session as they priced in equities-related jitters and economic concerns in China.

Traders seemed to be in a much better mood throughout the session, allowing equities to recover from the earlier slide and the higher-yielding Aussie to stay in the top spot.

Battle lines were drawn between the higher-yielding AUD and NZD and the safe-havens JPY and CHF. And since risk-taking prevailed, JPY and CHF both got whupped while AUD and NZD stood triumphant.

A pretty busy day for Asian session market players, which took cues from its U.S. counterparts and priced in a risk-averse trading environment.

The bloodbath in U.S. equities was the stuff of headlines, keeping risk aversion in play and lifting the lower-yielding Japanese yen, while the Loonie managed to break free from the selloff.

The euro  and the pound both had a really bad time during the morning London session. The Aussie and the Greenback, meanwhile, were both in demand, with the Greenback ultimately coming out on top.