Asia Summary and Highlights 30 Dec
Silver Wild Swing
Geopolitical Negotiation Persists
Asia Session
The market seems to be remain in the Christmas hangover and barely getting itself ready for the new year. Trump is keeping the headlines going with geopolitical issues, on Iran and Ukraine. So far it is all talk and does not seem to be having an impact yet. USD/JPY is trading 0.2% higher at 156.05. Both the U.S. Treasury and JGB yields are making up for the Monday's losses.
Elsewhere, it is pretty quiet apart from previous metal, especially Silver rebound from the overnight slaughter. It still looks like the perfect storm of speculation and year end illiquid times. There isn't a determined direction in broader sentiment as major equity indexes apart from HSI aren't too far from their open. The antipodeans are leading the gains against the USD with AUD/USD up 0.27%, NZD/USD up 0.2%. Else, EUR/USD is up 0.02%, GBP/USD up 0.01%, USD/CAD unchanged.