Asia Summary and Highlights 25 Aug

Asia Session

The USD/JPY is rebounding towards session high of 147.52 after the Friday sell off. It does not seem to be fundamentally triggered initially but rather a minor rebound as market participants digest Jackson Hole. USD is also broadly stronger to start the week. USD/JPY is currently trading 0.34% higher at 147.37, supported by higher U.S. Treasury yields as session progress.

Regional equities are upbeat on Monday, following Friday's hope of rate cut from Powell. However, U.S. major equities seem to have passed the initial euphoria and retraced partial Friday's gain. AUD/USD is trading 0.04% lower at 0.6489, NZD/USD is down 0.01% at 0.5866 while USD/CAD is 0.06% higher. Else, EUR/USD and GBP/usd are both 0.q13% lower.