The Japanese yen weakened along with the Australian dollar early Monday in Asia with the Ukraine in focus ahead of a busy data day and with markets in the U.S. and Canada closed for the Labor Day holiday.
USD/JPY traded at 104.13, up 0.05%, while AUD/USD changed hands at 0.9334, down 0.05%.U.S. officials are working closely with the European Union to keep their Russia sanctions programs aligned in timing and severity.
On Saturday, European Union leaders agreed to draw up options within a week for possible new sanctions against Russia, with action to follow quickly unless Moscow takes clear steps to scale back its intervention in Ukraine. Reports have emerged that hundreds of Russian soldiers have entered Ukraine.
European Council President Herman Van Rompuy said the bloc wouldn't set out specific criteria for triggering fresh sanctions but said there was "determination" to ensure Russia paid an appropriate price for heightening tensions.
"I can assure you that everyone is fully aware that we have to act quickly given the escalation on the ground," he said at the end of a summit of European leaders.In Australia, the AIGroup manufacturing index is due at 0930 (2330 GMT). The risk is for the sector to again slip into contraction just a month after it moved into expansion at 50.7 after eight months.
This is followed by the TD-MI inflation gauge at 1030 (0030 GMT). In July, the gauge rose 0.2% month-on-month, taking year-on-year inflation to 2.6%.Second quarter business inventories are then due at 1130 (0130 GMT) with a 0.2% gain expected and then the Reserve Bank of Australia commodity index at 1630 (0630 GMT).
In Japan, capital spending is due with a gain of 3.8% expected at 0850 (2350 GMT) and then the manufacturing index seen at 52.4.In China, we get the August CFLP manufacturing PMI at 0900 (0100 GMT) with 51.2 expected.
This would be followed by the HSBC final manufacturing PMI at 0945 (0145 GMT) with 50.3 expected, unchanged from the previous month final.Last week, the dollar ended the week close to one year highs against the euro as largely upbeat U.S. data indicated that the economic recovery is on track, while soft euro zone inflation data and concerns over the Ukraine crisis pressured the single currency lower.
http://www.investing.com/news/forex-news/forex---yen,-aussie-weaker-in-early-asia,-ukraine,-heavy-data-day-eyed-306683
USD/JPY traded at 104.13, up 0.05%, while AUD/USD changed hands at 0.9334, down 0.05%.U.S. officials are working closely with the European Union to keep their Russia sanctions programs aligned in timing and severity.
On Saturday, European Union leaders agreed to draw up options within a week for possible new sanctions against Russia, with action to follow quickly unless Moscow takes clear steps to scale back its intervention in Ukraine. Reports have emerged that hundreds of Russian soldiers have entered Ukraine.
European Council President Herman Van Rompuy said the bloc wouldn't set out specific criteria for triggering fresh sanctions but said there was "determination" to ensure Russia paid an appropriate price for heightening tensions.
"I can assure you that everyone is fully aware that we have to act quickly given the escalation on the ground," he said at the end of a summit of European leaders.In Australia, the AIGroup manufacturing index is due at 0930 (2330 GMT). The risk is for the sector to again slip into contraction just a month after it moved into expansion at 50.7 after eight months.
This is followed by the TD-MI inflation gauge at 1030 (0030 GMT). In July, the gauge rose 0.2% month-on-month, taking year-on-year inflation to 2.6%.Second quarter business inventories are then due at 1130 (0130 GMT) with a 0.2% gain expected and then the Reserve Bank of Australia commodity index at 1630 (0630 GMT).
In Japan, capital spending is due with a gain of 3.8% expected at 0850 (2350 GMT) and then the manufacturing index seen at 52.4.In China, we get the August CFLP manufacturing PMI at 0900 (0100 GMT) with 51.2 expected.
This would be followed by the HSBC final manufacturing PMI at 0945 (0145 GMT) with 50.3 expected, unchanged from the previous month final.Last week, the dollar ended the week close to one year highs against the euro as largely upbeat U.S. data indicated that the economic recovery is on track, while soft euro zone inflation data and concerns over the Ukraine crisis pressured the single currency lower.
http://www.investing.com/news/forex-news/forex---yen,-aussie-weaker-in-early-asia,-ukraine,-heavy-data-day-eyed-306683