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ASIA

Coming up in the Asia-Pac session on Tuesday:

USDCAD TECHS

Corrective Bounce

AUDUSD TECHS

Bearish Threat Following Friday’s Sell-Off

EURJPY TECHS

Finds Support Below The 50-Day EMA

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Bank of Japan board member Seiji Adachi said on Wednesday that an extension of BOJ special financing for companies beyond March of next year is an “open question” now.

“There are facts that major businesses’ financing conditions are easing and remains accommodative and some of them are repaying debts. But smaller firms’ and the face-to-face services’ financial conditions remains severe,” Adachi said, see: MNI INSIGHT: BOJ May Mull New Measures For Smaller Firms.

“The role of the Covid-19 Special Operations largely depends on developments relative to the pandemic, so it is necessary to assess such developments and their impact on corporate financing when deliberating on the next steps.”