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Stronger Yen Drags USD/Asia Lower

ASIA FX

Asian FX is seeing some positive spill over from the stronger yen this morning, although outside of KRW the moves are fairly limited in terms of percentage moves. 1 month USD/KRW is sub 1303, fresh lows back to July 20. Spot USD/KRW is down by 0.7% so far. USD/CNH is tracking below 6.7400, and through overnight lows. USD/SGD is at 1.3810/15, which is below overnight lows, but only -0.10% on the day so far, while USD/MYR is back below 4.4500.

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Asian FX is seeing some positive spill over from the stronger yen this morning, although outside of KRW the moves are fairly limited in terms of percentage moves. 1 month USD/KRW is sub 1303, fresh lows back to July 20. Spot USD/KRW is down by 0.7% so far. USD/CNH is tracking below 6.7400, and through overnight lows. USD/SGD is at 1.3810/15, which is below overnight lows, but only -0.10% on the day so far, while USD/MYR is back below 4.4500.