Asia Summary and Highlights 25 August
USD/JPY remain in consolidation phase
A tanker was struck by a projectile off Oman while transiting a U.S.-protected lane
Asia Session
USD/JPY remain in consolidation phase as market participants quietly wait for "leaks" from the BoJ on their September hike. If there are headlines surfacing soon on a hold on September, the risk of JPY being offered strongly will materialize, given the current pricing of September hike. USD/JPY is trading 0.1% higher at 159.23 with both the U.S. and Japan yields higher.
The broader risk sentiment remains choppy on Middle East's drag with major equity indexes performing individually. Precious metal turned lower after refreshing high and see AUD/USD up 0.04%. NZD/USD is down 0.04% while USD/CAD up 0.1% as oil slips. Else, EUR/USD is down 0.06% and GBP/USD is down 0.03%.