Asia Summary and Highlights 22 October

Asia Session

While the market is anticipating more verbal intervention from the Japan side as USD/JPY rose past 150, Japan deputy chief cabinet secretary says no comment on FX level. It seems to suggest the government is not exerting much concern to the current level and will not likely to intervene anytime soon. USD/JPY rose 0.06% to 150.90 while JGB outperforming U.S. Treasury Yields at the opening.

The broad risk mood is individual on Tuesday, led by the one percent fall in Nikkei while Chinese and HK equities gaining more than half a percent.AUD/USD is trading 0.42% higher at 0.6687, NZD/USD also 0.46% higher at 0.6058 at the advantage of barrage of Fed speakers favoring more rate cut on their Tuesday’s remark while USD/CAD is unchanged. Else, EUR/USD is up 0.05% and GBP/USD up 0.11%. 

North American session

While there was little news UST yields moved higher and the USD made broad based gains. USD/JPY led the way, ring from near 150 to 150.80. EUR/USD slipped to 1.0815 from 1.0850, while GBP/USD fell below 1.30. CHF was relatively resilient leaving EUR/CHF weaker near .9365. USD/CAD gains stalled at 1.3850, seeing AUD/CAD weaker near .9210 as AUD/USD slipped below .6660 from near .67.