Asia Summary and Highlights 31 December

Asia Session

Triggered by risk aversion on Monday, the correction in USD/JPY continues on Tuesday as early gains in U.S. equities fade. The U.S. Treasury Yields closed at daily low on Monday seems to have weigh on sentiment for USD/JPY longs.  USD/JPY is trading 0.31% lower at 156.37.

Regional equities are mostly soft except in Hong Kong. Chinese equities turned sour after PMI, which shows a miss in manufacturing and improving service. U.S. equities are in the green but without big gains. AUD/USD is down 0.11% at 0.6214, NZD/USD is down 0.18% at 0.5629 while USD/CAD slips 0.04% on stronger oil. Else, EUR/USD and GBP/USD are down 0.02%.