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Yen Pressured, Antipodeans Firm In Asia

FOREX

The Yen is pressured in Asia, after an scheduled bond buy from the BOJ coupled with better risk sentiment in regional equities, weighed. The Antipodeans are outperforming in the G-10 space, benefitting from the aforementioned better risk sentiment.

  • USD/JPY is ~0.4% firmer and has breached Friday's post BOJ highs, the pair sits at ¥140.70/80 rising ~0.8% from trough to peak in Asia.
  • Kiwi is up ~0.4%, NZD/USD sits at $0.6180/85, a touch off session highs. The $0.62 handle is intact for now, the 20-Day EMA is at $0.6211.
  • AUD/USD prints at $0.6670/75 up ~0.3% on Monday. Private Sector Credit grew at 0.2% M/M in June slower than the expected 0.4%.
  • Elsewhere in G-10, CHF is down ~0.2%. EUR and GBP are little changed dealing in narrow ranges in Asia.
  • Cross asset wise; Hang Seng is up ~1.5% and CSI300 is up ~0.8%. E-minis are down ~0.2% and BBDXY is up ~0.1%.
  • In Europe today the Eurozone preliminary inflation print provides the highlight. Tomorrow in Asia we have the latest monetary policy decision from the RBA.
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