Japanese MoF Comments, Gotobi Day Cap JPY

USD and CHF picked up a bid on renewed demand for safe havens, but
JPY. Japanese Ministry of Finance said that officials watch FX markets with
a sense of urgency and a further appreciation of the yen could
encourage them to consider various policy tools, albeit they refused
to comment on any specific JPY levels. The MoF's jawboning, coupled with
Gotobi-day demand for USD/JPY, pushed that rate back above Y105.00.

• Antipodean FX were limited by a record daily tally of new Covid-19 cases
  in Victoria. NZD was the worst G10 performer, after the final reading
  of ANZ Business Confidence was revised lower, suggesting that the
  post-lockdown recovery in sentiment may be topping out.
• A failure at CNH7.0 and stronger than exp. PBoC fix applied some brief
  pressure to USD/CNH, but USD demand prompted the rate to pare losses.
• USD/KRW shed early losses, registered thanks to a beat in Samsung's Q2 earnings.
• Today's data highlights include U.S. GDP & initial jobless claims,
  German unemployment, flash GDP & CPI, as well as EZ jobless rate.