Forex news for Asia trading Monday 1 August 2016
Fed’s Dudley should have his own wrap today…
Weekend
Yen on the move again today in Asia, bt not the same extents as we saw last Friday, It opened trade little changed from levels seens in the late US Friday afternoon. It initially dipped under 102 but soon started to tick higher, even before Japanese markets became active, to 102.50 and then a little higher as more liquidity came in. Yen crosses pretty much followed along the same pattern and all a bit higher on the session.