Safe haven currency Japanese Yen gained, China house prices data 2.5% gain

Asia safe haven currency The Japanese yen gained on Friday, reversing early course and the Aussie held flat as investors were on watch for statement from the weekend G20 meeting in Shanghai to set the tone. Forex traders and investors keep watching

Meanwhile on Tokyo, Japan reported national CPI for January as flat, matching expectations year-on-year and that national core CPI also came in flat, compared to an expected fall of 0.2%. After the data, USD/JPY changed hands at 112.82, down 0.14%, while AUD/USD traded at 0.7238, up 0.01%. a little bit higher than before

From Beijing, China reported house prices data release showed a 2.5% gain for January, coming after a 1.6% gain last reported year-on-year. Then People's Bank of China chief Zhou Xiaochuan on Friday said that underlying fundamentals don't warrant a sustained weakening of the China yuan and added there was room on the policy side to do more.

Reported from New Zealand, the trade balance for January came in at a surplus of NZ$3.580 billion year-on-year, below the NZ$3.840 billion figure seen, NZD/USD traded at 0.6759, up 0.55%.

The global safe haven currency US DOLLAR index which measures the greenback's strength against a trade-weighted basket of six major currencies, was last quoted at 97.24, down 0.21%

Source : investing, Bloomberg, cnbc