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Stronger Yen Drags USD/Asia Lower

ASIA FX
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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.

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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.