Asia Summary and Highlights 28 August

Asia Session

Tokyo August Ex fresh food & energy CPI rose from 1.8% y/y in July to 2%, while headline CPI below target range at 1.9% y/y. The figure is still cushioned by energy stimulus yet remain supportive for a September hike on a strong read in core-core. USD/JPY is trading 0.09% higher at 159.54.

Broader risk asset is undecided on Friday as the market lack a push from the Middle East or the Fed. The Middle East side is expected to quiet down with market focus return to the Fed.  AUD/USD is trading unchanged. NZD/USD is trading 0.14% higher while USD/CAD slips 0.03%. Else, EUR/USD is down 0.04% and GBP/USD is down 0.06%.