FXStreet (Mumbai) - The latest above estimates Chinese growth numbers eased the ongoing slowdown concerns and lifted investors’ sentiment somewhat this session. The Aussie gained the most from the sudden turnaround in risk-sentiment following Chinese macro data-flow. While USD/JPY erased early losses and flipped to gains as the bulls were offered some respite. Key headlines in Asia Chinese Q3 GDP comes better-than-expected BOJ Kuroda: CPI likely to be about 0% for time being Dominating themes in Asia - centered on JPY, AUD, NZD Asia saw mixed reactions to the Chinese GDP release, with higher yielding currencies receiving impetus while the Asian stocks were left unimpressed. The US dollar remains undermined versus its major competitors as the uncertainty over the Fed interest rate outlook continues to weigh. The USD/JPY pair found fresh bids near 119.10 region and saw a 40-pips knee-jerk rally on the release of forecasts beating Chinese GDP data for the Sept quarter. China's economy grew 6.9% in the September quarter, coming in slightly higher than the market forecast of a 6.8% expansion. The pair now eased-off highs and trades muted around 119.45 levels. The Antipodean currencies trade mixed as the Aussie is now fading a spike to 0.7290 levels, reached immediately in response to the upbeat data. While the Kiwi remains in the red and paid no heed to the Chinese release. Meanwhile, traders also assess the downbeat industrial production and fixed asset investment data from China, thereby capping further upside in the Aussie. Meanwhile the Asian indices trade mixed reacting to the mixed China economic news, while profit-taking was also widely seen after the recent risk-on rally. The Nikkei drops -0.32% to 18,233. Australia’s S&P ASX index erased gains and trades flat at 5,267. While the Shanghai Composite index gains 0.50% to 3,408. Hong Kong’s Hang Seng keeps losses, down -0.13% to 23,037. Heading into Europe & the US The macro-calendar remains absolutely data-dry in the session ahead with the German Buba monthly report to be published. While the North American session has a couple of Fed Speaks in store for the American traders, while the only 2nd tier data in the form of NAHB Housing Market Index will be reported. FOMC Member Brainard is due to deliver a speech titled "Removing Unnecessary Regulatory Burden" at the Chicago Fed's outreach meeting. While Fed Member Lacker is scheduled to speak at the University of Richmond. EUR/USD Technicals The AceTrader Team noted, “Despite Friday's rebound from 1.1334 to 1.1391 in New York afternoon, the single currency retreated to 1.1347 near New York closing. However, euro found renewed support in Australia today and rebounded to 1.1378 in Asian morning, helped by cross-buying of euro vs sterling.” “Offers have now been raised to 1.1380/90 and more above at 1.1400/10 with stops building up above 1.1420/25 whilst initial bids are noted at 1.1320/30, suggesting downside bias would be seen.” For more information, read our latest forex news.