Asia Summary and Highlights 24 July

Asia Session

As we fast approach the end of week, market participants are careful not to place their bets aggressively to avoid weekend risk. There seems to be little de-escalation potential for now as Trump seems to be disappointed by the previous deal collapsing. The greenback has moved much, so as USD/JPY trading unchanged at 163.83.

Major equity indexes are turning sour as session progress. The latest headline suggested Iran had rejected a ceasefire deal from the U.S., seems to indicate more cross fire over the weekend. Precious metals are also soft for the session. AUD/USD is trading 0.14% higher at 0.6978. NZD/USD is trading 0.06% higher while USD/CAD unchanged. Else, EUR/USD is up 0.04% and GBP/USD is down 0.03%.