USD/JPY
was a mover during Asia trade, falling from highs circa 140.50 early
on to briefly under 140.00. News flow was limited but with remarks
from Japan’s finance minister Suzuki and also from Bank of Japan
Governor Ueda. Ueda said once again that he will be maintaining
loose policy.
The
US dollar lost ground more widely, AUD/USD moving above 0.6550 at one
stage despite poor data. As I post its fallen back to be little
changed on the session. NZD/USD is also more or less flat while EUR
and GBP have added on a little.
There
was no fresh US debt limit news. If you are just back from a long
weekend (lucky you!) scroll through the wraps for Monday. Biden and
McCarthy reached an agreement and now its over to Congress for
voting. Furious lobbying to gain the required approval is ongoing.
The feeling at present is that McCarthy will get the numbers in the
House (in combination with Dem votes).
Asian
equity markets:
-
Japan’s Nikkei 225 %
-
China’s Shanghai Composite %
-
Hong Kong’s Hang Seng %
-
South Korea’s KOSPI %, back from a Monday holiday
-
Australia’s S&P/ASX 200 %