Asian session: the yen rose

 Data:

01:00 China Manufacturing PMI September 49.2 50.0 49.8

The euro rose against the dollar during the Asian session, when the Japanese were published ambiguous indicators and PMI in the manufacturing sector in China, which once again failed to overcome the mark of 50 and reflect the reduction in the sector.

The yen rose against the dollar despite the fact that the consumer sentiment index, calculated by the Bank of Japan, fell in July and September, indicating that the recovery of the Japanese economy stalled amid the slowdown in overseas economies. This is shown by a report released on Monday the Bank of Japan.

According to the data, the index of consumer sentiment central bank of Japan for the period fell to -43.1 vs. -39.5 in April-June.

This means that for the first four quarters deteriorated. The index is calculated by subtracting the number of consumers who say the deteriorating economic situation in comparison with the same period the previous year, the share of those who believe that the situation has improved.

Data on consumer sentiment meet quarterly Tankan index of the central bank, which points to a more pessimistic mood among Japanese business community: sentiment index of large Japanese manufacturers in the 3rd quarter fell to -3 vs. -1 in the 2nd quarter.

The Australian dollar weakened against the U.S. dollar under pressure from a number of factors: lower expectations of future RBA rate decision (many in the market predict its decline by 25 basis points), weak Chinese PMI and the overall risk aversion amid concerns about the debt crisis in Europe .