Yen touches strongest level in six months; Nikkei barely rises, Kospi jumps
The yen hit a six-month high against the dollar as BOJ hike bets built, while China's August imports missed forecasts and the Kospi gained nearly 2%.
Major and emerging currency pairs, central bank policy, interest rate expectations and cross-border capital flows.
The yen hit a six-month high against the dollar as BOJ hike bets built, while China's August imports missed forecasts and the Kospi gained nearly 2%.
PBOC set the yuan central rate at 6.7804 per dollar, above estimates, and conducted a net 4 billion yuan drain via reverse repos.
MUFG sees ECB hike this week, highlights euro downside risk from Lagarde's comments, German elections, and gas prices.
UK retail sales growth slowed to 0.7% in August, the smallest increase since April, as the summer boost faded. Consumer confidence also dropped.
USD broadly weakened, led by yen surge; USDJPY fell 1.22% to 154.33 on rising BOJ rate hike bets. Oil climbed $1.22 on Middle East tensions.
AUDUSD climbed to 0.7224, its highest since mid-May, as copper hit a fresh record. The next hurdle is the 0.7221-0.7228 swing area.
USDCAD initially rallied after divergent US and Canadian jobs data but failed to break a key retracement level, then reversed below moving averages, signaling…
USDJPY dropped 1.15% as yen strengthened on BOJ rate hike bets. Geopolitical tensions pushed oil prices higher. EUR and GBP fell modestly.
EUR/USD consolidates ahead of US CPI. Dollar spiked on NFP but focus remains on inflation. ECB likely to hike 25 bps.
USD/JPY falls below 155 for first time since February, as yen gains on technical and fundamental drivers.
The rupee rallied on suspected RBI intervention despite higher oil and a steady dollar, with traders awaiting US CPI and Iran-related news.
USD/JPY trades at 155.60, down 0.4%; technicals remain bearish with key support at 155.00.
USD/JPY has a notable option expiry at 155.75 on 7 September, with intervention risks dominating trading.
China's central bank set the yuan reference rate at 6.7795, stronger than the 6.7086 estimate, and drained liquidity via reverse repos.
The PBOC is expected to set its daily USD/CNY reference rate at 6.7086, according to a Reuters estimate.