There was no fresh news nor data out of Japan today. USD/JPY continued its drop from Monday, falling under 141.00 for the first time since the middle
There
was no fresh news nor data out of Japan today. USD/JPY continued its
drop from Monday, falling under 141.00 for the first time since the
middle of last month. The fall in US Treasury yields thus continued
to reverberate here during the morning Asia session.
Asian
equities benefited from the decline in US yields, a supportive lead
from Wall Street, and also from some support measures announced late
on Monday for China’s property sector.
Also
continuing to rise was EUR/USD, tracking above 1.1010. GBP, AUD, NZD
and CAD are all also up a little against the USD.
On
the data front the (minor) focus for the session was Australian June
business confidence and conditions. Confidence improved a little
while conditions remained stable.
Asian
equity markets:
-
Japan’s
Nikkei 225 +0.3% -
China’s
Shanghai Composite +0.1% -
Hong
Kong’s Hang Seng +1.1% -
South
Korea’s KOSPI +1.3% -
Australia’s
S&P/ASX 200 +1%
BTC had a surge but dropped back, more in the bullets above:
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