ForexLive Asia FX news wrap: Virtual NATO summit called for Friday

The lead in to the Asia session:

Forexlive Americas FX news wrap: Total turnaround with sanctions softer than feared

Asia headlines:

The news flow out of Ukraine
slowed somewhat from yesterday here during the Asia session but of
course events in the country continue to come under intense scrutiny.

There
were reports of
sporadic

explosions, missile
&
plane
attacks (with air
defence responses),
and

sanction responses from
Japan, the EU, Australia, New Zealand, France and others.

US
Secretary of State Blinken repeated his belief that Putin will
attempt an overthrow of Ukraine’s government.

US
President Biden will hold a virtual NATO summit from 9am Washington
time, closed to media.

Market
movement was much more subdued than Thursday. USD/JPY declined net
for the session while cable rose back above 1.38. You’ll notice a
wobble in the AUD (and kiwi) just after 11am Sydney time. Australian
Prime Minister Morrison berated China for easing trade restrictions on
Russia ‘at a time like this’, prompting a few bids to be pulled
from the Australian dollar. Net for the day now though its little
changed.