RBA's Harper: Rates need to stay supportive of the economy

Comments crossed the wires from the Reserve Bank of Australia (RBA) board member Ian Harper, via Reuters, citing that the interest rates need to stay supportive of the economy.

Additional headlines:

Excess capacity in labor market bigger than thought.

Investment in non-mining industries growing quickly.

Strong government infrastructure spending also helping economy.

USD index: Recovery appears capped ahead of 93.60

The US dollar, when measured against a basket of six major currencies, traded largely subdued almost throughout the Asian session, although managed to
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EUR/JPY: Vulnerable below the 132.06 support line - Commerzbank

Karen Jones, Analyst at Commerzbank, offers her technical view on the EUR/JPY cross for the day ahead. Key Quotes: “EUR/JPY has aggressively sold of
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