USD/JPY was a mover. The pair rose briefly to above 137.70 before giving it all back, and some, to lows circa 137.10. The only data release we had fr
USD/JPY
was a mover. The pair rose briefly to above 137.70 before giving it
all back, and some, to lows circa 137.10. The only data release we
had from Japan today were the flash PMIs for August. Services and
Composite dipped back into contraction. In news from Japan the
government indicated it’d be trimming back on COVID-related border
controls, without offering details not a timeline.
Eyes
are on EUR/USD with it now below parity. There was no follow through
in Asia, it sat more or less sideways for the session. Its not
unusual for AsiaFX to lack the firepower to do much with it.
AUD,
NZD, CAD all ticked up a little against the USD.
South
Korea’s central bank, the Bank of Korea, said it monitoring
speculative activity in the won more closely. The won has lost ground
against the rampant US dollar and lost further in early morning
trade. The BoK statement halted its losses. For now at least.
Regional
equities fell following the losses in the US on Monday. Chinese
stocks did take some confidence from the PBoC’s move to underpin
mortgages with a 200bn yuan fund (see bullets above).
Oil
inched higher during the session after its rise on Monday following
the Saudi headlines (check out the previous session wrap for more
detail).
USD/KRW:
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