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The US dollar remains weak in Asian trading...>

FOREX
FOREX: The US dollar remains weak in Asian trading following yesterday's large
drop, which occurred despite no major shift in US rate expectations or major
data releases and plunge in stocks that has previously tended to be dollar
positive. 
- USDJPY is clinging to support around its 100DMA, supported by last night's
headlines that Trump Trade Advisor Peter Navarro told CNBC that there are no
plans to impose investment restrictions on China. The pair briefly spiked above
110 on the headlines but has slid back down to 109.60, decoupling slightly from
the bounce in US stocks. 
- AUDUSD saw a similar bounce on the Navarro headlines but continues to trade in
a tight range well off of Friday's highs, with the renewed drop in commodities
acting as a drag. NZD is trading in lockstep with the AUD, with the relentless
divergence in short-end yield spreads pointing towards a retest of support at
around 0.68 for NZDUSD. 
- USDKRW has edged back from its highs, finding some support just below 1,120,
with the Navarro headline triggering the won's recovery.

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