Asia Summary and Highlights 18 August

Asia Session

Broader risk sentiment turns sour as the Asia session progress. Major equity indexes are mostly in the red on renewed concern in the Strait of Hormuz as another vessel is reported being hit.  AUD/USD is trading 0.1% lower, NZD/USD is trading 0.38% lower while USD/CAD rises 0.02%.

USD is trading broadly higher on risk turning sour. Sentiment remains heavy on a lack of swift resolve in Middle East. Trump even mentioned bombing Oman, definitely not a good sign. USD/JPY is trading 0.17% higher at 159.70 with long end JGB yields outperforming short end. Else, EUR/USD and GBP/USD are down 0.06%.