Asia Summary and Highlights 10 Dec
Japan PM Takaichi asked about rising yields, says closely watching market moves
Zelensky signals Ukaine's answer to Trumps peace plan will come Wednesday
Trump says he will be meeting with "a couple" people for the Fed chair job
Asia Session
The USD/JPY has reversed early momentum after Japan PM Takaichi voiced her concern on currency moves. While it is the usual cop and paste lines, it has carried more weight coming from the mouth of new PM. Despite JGB yields are performing individually across the curve, they remain inch distance from annual high. USD/JPY retreated to 156.65, down 0.1% for the session.
The broader risk sentiment is performing individually on Wednesday. Trump continues with his drama regarding the Fed chair job and will be triggering market participants' nerves in the mean time. AUD/USD is trading 0.1% lower at 0.6635, NZD/USD is trading 0.2% lower while USD/CAD rises 0.07%. Else, EUR/USD is unchanged while GBP/USD is up 0.05%.
North American session
The US released the JOLTS report on labor turnover for September and October. The data was stronger than expected, with job openings up by a strong 431k in September and a marginal 12k in October. USD/JPY rose to a high of 156.95 from 156.40 with only marginal correction later, while EUR/USD slipped to a low of 1.1615 from 1.1640 before correcting to 1.1630.
BoE testimony raised expectations for a December easing, and EUR/GBP rose above .8740. EUR/CHF in contrast was weaker near .9370 from .9390. EUR/NOK erased earlier losses but losses in EUR/SEK were sustained. AUD/USD and USD/CAD were little changed.