The Asian trading session was very calm today, amid the absence of major news, as most of the major Asian currencies were trading in a narrow range. Nevertheless, we saw a slight upside bias on dollar softness after Bernanke's comments that supported the odds for more quantitative easing.
Starting with the New Zealand dollar, Kiwi retreated against the U.S. dollar, as the NZD/USD recorded its lowest level today at 0.8212 andthe highest at 0.8234, and currently trading at 0.8220.
Moving to the Australian dollar, so-called Aussie slightly advanced against the U.S. dollar, and it's currently trading around 1.0510, as it reached its highest level at 1.532 and lowest at 1.0502.
Moving to the Japanese currency, the USD/JPY pair unexpectedly retreated, as it is currently trading around 82.80, yet it recorded its highest at 83.02 and lowest at 82.79.