The AUD/USD and USD/JPY were the most active pairs in the Asian session with the former benefiting from the upbeat sentiment data while the latter recovers from yesterdays collapse. At this juncture both these moves appear to be corrective in nature. Australian employment report is due out tomorrow as is the monetary policy announcement from New Zealand. The market is anticipating a weak employment report, so a surprise could provide the impetus for a corrective rally. The RBNZ is expected to remain on hold though they might reiterate the need for a weaker currency.