Session Recap: USD advances slightly ahead of FED Bernanke

FXstreet.com (Barcelona) - The USD found some demand in the Asia-Pacific this Wednesday sending EUR/USD to fresh session lows at 1.3134, AUD/USD to 0.9218, and GBP/USD to 1.5107, while USD/JPY to session highs at 99.55.

Local share market posted mixed results with Korean Kospi being the big winner gaining more than +1.43%, while the Nikkei index and Shanghai Composite lost some -0.24% and -0.35% respectively, and Australian ASX remained at break even up +0.01%.

Gold and Oil are both unchanged since early NY early trade awaiting Bernanke's testimony, around $1290 and $105.50 respectively. Foreing Direct investment in China rose a 4.9% y/y from a +1.03% previous.

Main headlines in the Asian Session:

The Bernanke trade starts at 12.30 GMT

Flash: Japan's ruling coalition set to win upper house election - Nomura

BoJ Minutes offer no surprises

Australia May Westpac Leading Index (MoM) decreases to 0.2% vs 0.7%

USD/JPY scenarios ahead of Bernanke

China June FDI - Foreign Direct Investment (YTD)(YoY) increase to 4.9% vs 1.03%

China Ministry of Commerce: China willing to set up free-trade zone with Australia

Flash: Bernanke will be a dove today - SocGen