Forex news for Asia trading Tuesday 25 July 2017

USD/JPY had an early move a few points higher in the Tokyo morning, testing to its US-time high around 111.30 but the move was not sustained. USD/JPY drifted back to under 111.10 amidst some USD weakness, albeit in only small ranges and not across the board.

EUR/USD moved up towards 1.1655 (from session lows early around 1.1630). Cable and USD/CHF are both little changed on the session, as is gold.

There was a flurry of activity in the NZD, lower on news hitting of a contagious cattle disease:

But it soon bounced back to be also little changed on the session.

AUD/USD had drifted lower to around 0.7910 and just under but it too bounced back, to above 0.7930 briefly.

There has been very little in the way of fresh news today. We got some Australian data (weekly consumer sentiment, higher on the week), BOJ June meeting minutes (the minutes are preempted by the 'Summary of Opinions' which come out much sooner after the meeting) and that NZ cattle news was about it.

Maybe it's a lame excuse, but the market seems to be waiting on the FOMC announcement on Wednesday, previews:

Regional equities:

  • Nikkei -0.13%
  • Shanghai +0.18%
  • HK +0.06%
  • ASX +0.84%