Asia Summary and Highlights 29 June
Iran launched missiles and drones at US military sites in Kuwait and Bahrain over the weekend while U.S. retaliate
Mutual Standdown before Monday
Asia session
The brief crossfire in Middle East has limited impact for the global market on Monday. Minor gaps are closed for major currency pair. USD/JPY is hovering at recent high while short end yields underperform longer end. USD/JPY is currently trading 0.06% higher at 161.79.
Major equities are performing individually on Monday even Middle East tension eases. U.S. equities are leading the pack while Japanese equities lag. It is clear that market participants are cautiously optimistic about the Middle East situation. AUD/USD is trading 0.04% lower as precious metal are also falling. NZD/USD is trading 0.17% higher while USD/CAD slips 0.05% with both Brent and WTI filling gap. Else, EUR/USD and GBP/USD are up 0.08%.