The economic calendar during today's Asian session was pretty tight. The indicators of retail sales in the 2nd quarter from New Zealand and inflation data for July from Japan provided the direction of national currencies of these countries.  

Developments in Asia are heating up and changes are on the horizon. Many of the Asian currencies are thinly traded or out of reach for the retail sector, but the Japanese Yen is the go-to currency when it comes to carry trade, hedging, risk management and Asian exposure. Many often overlook the Australian Dollar, a major currency, as well as its smaller neighbour the New Zealand Dollar.