Asia Summary and Highlights 22 July

Asia Session

While Japan's June export are double digits and beating estimate, import is also propped up by energy import to reach 25.4% y/y. It will likely put BoJ between a rock and a hard place as weak JPY's benefit are completely neutralized. USD/JPY is at historical level of 163.16, close to unchanged for the session.

The broader risk sentiment is undecided as Middle East uncertainty persist. AUD/USD gained some support from solid precious metal to trade 0.03% higher, NZD/USD is unchanged while USD/CAD slips 0.04% on higher oil. Else, EUR/USD and GBP/USD are up 0.09%.