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RBA Stevens: Promising early signs that can manage mining handover

FXStreet (Bali) - Glenn Stevens, RBA Governor, is crodding the wires, addressing the American Chamber of Commerce in Australia (AMCHAM) iiNet Business Luncheon, in Brisbane.

Quotes via Reuters

"reserve bank of australia gov stevens sees promising early signs that can manage mining handover"

"rba's stevens: but "far too soon" to declare success in transition from mining investment"

"rba's stevens says medium-term challenges will be fiscal sustainability, ageing population."

"rba's stevens: need higher labour participation, greater productivity to meet challenges."

"rba's stevens: g20 growth goals should focus on reform, not easy money or fiscal adventurism."

USD/JPY has brief round trip to 104.00

USD/JPY has made yet another high reaching the 104.00 mark, however it was a very brief round trip, with price retracing back towards 103.90 amid improved sentiment in the Nikkei 225, up +0.9% in Tokyo morning trade.
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AUD/USD is on the way to new lows; 0.9200 is in sight

AUD/USD is moving to an Asian low of 0.9212 as the bulls are discouraged by RBA Governor Glenn Stevens comments.
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