Asia Summary and Highlights 20 August

Asia Session

USD/JPY recovered partially on Thursday after dropping more than a figure on Wednesday. After the last trigger of Treasury buyback, we heard that Trump vows sweeping new Iran sanctions.  Long end U.S. Treasury yields are stabilizing while JGB counterparts continue to fall. USD/JPY is trading 0.35% higher at 158.70.

Regional equities, especially Korea, are showing a strong rebound. But with Gold reversing overnight gains, AUD/USD is dragged 0.16% lower at 0.7114 while NZD/USD trading 0.27% higher and USD/CAD slipping 0.07% on higher oil. Else, EUR/USD and GBP/USD are little changed.