The News Review:

- FREX-Yen boosted as Asian shares shunned
- Forex Traders May See Shift in Risk Trends Amidst Rate Decisions …
- Forex Update: Comparatively Reliable US Dollar Falling British …
- FREX-Dollar at 23-year high vs pound 6-week peak vs euro

FREX-Yen boosted as Asian shares shunned
Reuters 
Trade was subdued given few major economic events ahead ofthe weekend and the Chinese New Year holidays next week thoughthat exaggerated moves in the market traders said. The Japanese currency hovered near a 13-½ year high againstthe dollar and stayed in sight of a seven-year peak against theeuro hit earlier this week due to global banking woes. Gains in the yen picked up after Tokyo’s Nikkei share average. N225 extended losses dropping 3.

Forex Traders May See Shift in Risk Trends Amidst Rate Decisions …
Daily FX NY 
The Australian dollar and New Zealand dollar both face heavy event risk from the release of Australian CPI and an expected rate cut by the RBNZ. Meanwhile the Federal Reserve is anticipated to leave rates unchanged and US GDP may contract by the most since 1982 leaving the US dollar and Japanese given prone to volatility given the potential impact of these reports on risk appetite. Australian Consumer Price Index (4Q) – January 27 Australia’s headline consumer price index is forecasted to have fallen 0. 4 percent during the fourth quarter bringing the annual rate down to 3.

Forex Update: Comparatively Reliable US Dollar Falling British …
Seeking Alpha NY 
Geithner’s allusion Wednesday that China is engaging in currency manipulation would be a departure from the US Administration’s repeated shrugging of the matter. Forex traders may reason that Geithner’s experience with international monetary affairs grants him the ability to attain successful coordination with European and Asian policy makers in stabilizing currency swings. But there is validity to the opposite argument stating that Geithner’s experience implies his awareness of the non-viability of currency intervention due to prevailing fundamentals. With US interest rates expected to remain at zero and UK interest rates yet to reach that level the downside for both USD and GBP is here to stay particularly against JPY. Reiterating the notion of a high correlation between.
Related from Softwaremonster: Novelist hired for ‘Doom 4′

FREX-Dollar at 23-year high vs pound 6-week peak vs euro
Reuters 
3502 * UK in recession as economy contracts 1. 5 pct (Recasts updates prices) By Nick livari NEW YRK Jan 23 (Reuters) – The dollar climbed to a23-year high against sterling and six-week high against theeuro on Friday as weak UK and euro zone data and worries aboutthe global economy kept investors risk averse. The pound and euro fell to session lows after data showedthe UK economy contracted by 1. 5 percent in the fourth quarterfar more than analysts had expected and confirming a recession[ID:nNS004024]. Investors took little encouragement from surveys showingthe euro-zone manufacturing and services sectors contracted ata slightly slower pace in January since they remain deep inrecessionary territory [ID:nLAG003193]. The yen jumped on the back of its perceived safe-havenstatus hitting record highs against the pound and nearingseven-year highs against the euro.