Open/Wrap

Quick overview of Asian trade

  • USD/JPY triggered stops above the 88.50 barrier in very thin, late NY trade:
  • Further gains in twilight trade took it to 89.35 before profit-taking emerged in early Tokyo:
  • EUR/JPY broke above a twice-weekly high at 117.75 and has consolidated these gains:
  • Japan’s PM Abe again vociferous about spending big to beat deflation:
  • AUD/USD was unable to break through a barrier at 1.0600 but hasn’t fallen far either:
  • Nikkei gained 1.5% on weaker Yen but other Asian indices were slightly lower:
  • Gold $1675/oz:
  • EUR/USD was surprisingly quiet in a 30 pip range:
  • Chinese CPI higher than expected at 2.5% YoY:
  • No change to South KoreanĀ interestĀ rate policy.

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