Published: 2026-07-07T06:41:24.000Z
EUR/USD, USD/JPY - Kospi lively; FX relatively subdued
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Minor edge for the dollar and yen in limited range trade
Kospi has another lively session as pullback continues
Some further chop overnight in Korea, with the Kospi off over 5%, having been off 8% at one point, Further pullback coming through despite strong Samsung guidance. It hasn’t rippled too far with S&P future -0.3% though Nasdaq is -1% within its recent range. Oil prices modestly higher, up $ ¾ after Iran reportedly fired missiles at a couple of tankers
Not entirely calm waters then, though FX still proving relatively summer lulled at present, dollar with a minor edge on the day and USD/JPY mildly of the bounce highs off 162. It’s a relatively light day on the calendar that may tend to reinforce range mentality until the FOMC Minutes.