Asia Recap: Yen crosses slightly pressured

FXStreet (Bali) - A slow Monday in Asia, with the only moves worth reporting occurring at the Tokyo open, where the Yen and Aussie traded higher although both failed to find much follow through on lackluster activity.

The Aussie traded on a strong note initially, contained within Monday's standards of 20-30 pips moves in Asia. A late decline in iron ore prices (almost 5%) disallowed the AUD/USD to extended further up though, consolidating around 0.9280 after a session high of 0.9292 instead.

USD/JPY opened Asia in a small range, with bids ahead of 102.00 protecting the downside, while 102.20 capped on the upside. The Nikkei 225, tracked the negative lead from Friday's Wall Street by falling over 1.2%, adding pressure to the complex of Yen crosses.

Meanwhile, both Euro and Pound traded softer in Asia, with sales in EUR/JPY and GBP/JPY cross supply to blame. The Kiwi traded neutral at 0.8575 with little moves.

Main headlines in Asia

IMM positioning still suggests lack of conviction - TDS

Japan Retail Trade (YoY) meets forecasts (11%) in March

Iron ore prices fall sharply

IMF Sees China economy growing at 7.5% in 2014 and 7.3% in 2015