USD/AXY remains well bid as repatriation flows dominate

The main two movers in recent sessions, USD/INR and USD/IDR, are both over 0.5% higher late in Asian trade. Indonesian authorities have just reported that some new economic measures will be announced on Friday; as yet no effect on the market.

The AUD and NZD have again been the main losers amongst the majors with EUR and GBP staying quiet.

USD/JPY has rallied somewhat after reports from the Nuclear Regulation Authority and talk of tax hikes all hit the Yen, but it’s been ‘noisy’ rather than impulsive.

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