Asia Summary and Highlights 1 Dec
Bank of Japan Governor Ueda says will raise rates if prices, economy move as forecast
Asia Session
The JPY is catching early bid with risk sentiment turns sour after a good opening. Bank of Japan Governor Ueda says will raise rates if prices, economy move as forecast in Nagaoya with business leaders. It seems to be reinforcing his stance despite most remarks being copy and pasted. USD/JPY is trading 0.43% lower at 155.46 with JGB yields moving sharply higher.
U.S. major equity indexes initially opened with a minor gap higher but turns lower as session progress. It could be related with the situation between U.S. and Venezuela where Trump was talking harsh words on closing airspace over the weekend. Oil also turned higher, along with OPEC's output hold. AUD/USD is trading 0.16% lower at 0.6539, NZD/USD is trading 0.11% lower while USD/CAD rises 0.09%. Else, EUR/USD is up 0.05% and GBP/USD is down 0.02%.