Asia Summary and Highlights 23 January
Regional sentiment positive with Chinese equities leading
Japanese Export beats estimate and import regain traction
Asia Session
The Japanese trade seems to be regaining traction with export beating estimate at 2.8% and import back into positive territory at 1.8%. Trading with Asia grew the most for December 2024. Eyes are still on Trump and his policy, USD/JPY is trading 0.1% higher at 156.65 with U.S. Treasury underperform JGB yields. market participants are quietly waiting for any "leaks' for the BoJ meeting and will be swinging market
Regional sentiment positive with Chinese equities leading. The Chinese government is pumping the market with providing long term funds for the equity market, from pension funds and insurance firms. The FX market is relatively quiet on Thursday and see AUD/USD up 0.05% higher at 0.6276, NZD/USD is up 0.08% at 0.5669 while USD/CAD rise 0.07%. Else, EUR/USD is up 0.02% an GBP/US is unchanged.