Breaking News: Japan's Abe wins ruling party leadership election

The news is crossing the wires that Japan's Prime Minister Shinzo Abe has been re-elected as head of the ruling party, paving way for up to three more years as Japan's leader.

USD/JPY on the defensive, but holds above 112.00 handle

   •  US bond yields retreat from 4-month tops and exert some pressure.    •  Subdued USD demand does little to provide any meaningful impetus. The
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AUD/USD review: Off 21-day highs, higher T-yields could hurt the AUD

Currently, the AUD/USD is trading at 0.7257, having hit a 21-day high of 0.7275 yesterday. The pullback is likely associated with the overbought cond
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