Asia Open - Overnight Highlights

EMERGING ASIA
EM currencies perform mostly weaker against the USD as the greenback rebounds after consecutive losses amid reviving Treasury Yields. KRW saw the largest losses of 0.39%, followed by THB 0.33%, CNY 0.16%, CNH 0.12%, IDR 0.06%, MYR and SGD 0.05% and HKD 0.02%; while the only winners are PHP 0.14%, INR 0.07% and TWD 0.04%.

USD/CNH is trading higher at 7.1752 compared to the 7.1663 at previous close. Onshore spot USD/CNY is trading higher at 7.1608 from 7.1494. 12 month NDF followed the offshore market and is trading higher at 6.9936 compared to 6.9844 previous closed.
USD/IDR spot market is trading higher at 15491 from 15481 previously closed. 1 month NDF is trading lower at 15519 from 15560 previous closed.
USD/INR onshore spot market is trading lower at 83.23 from 83.28. 1 month NDF is trading lower at 83.35 from 83.39 previously closed.

NA Session

The USD was generally firmer through the North American session, gaining ground primarily against the JPY. USD/JPY rose around 40 pips to 144.60. EUR/USD was not much changed at 1.0950, but the USD made small gains against the AUD and CAD as well. 
USD gains were helped by stronger than expected ADP employment data, which showed a 164k rise in December, and lower than expected initial and continuing claims data, which helped US yields rise.  The EUR was supported by German CPI coming in line with expectations after the early state data suggested potentially softer numbers. 
European morning session