ASIA-PAC MID-SESSION: Quiet session amid lack of speakers and data
Asian equity markets were mostly higher although news flow was remarkably light amid a lack of central bank speakers and macroeconomic data. Focus was on a speech from US President Trump where he highlighted US plans to continue sending troops to Afghanistan to fight the terror threat emanating from the country. The Nikkei 225 was relatively flat, although the Topix marginally outperformed amid expectation that the BoJ will be purchasing good-sized ETFs today. The ASX 200 was up 0.2% and the Hang Seng rose 0.9% in early trade.
The JPY was the main mover in FX markets as USD/JPY broke back above 109.00 with reports suggesting strong demand in the pair from Tokyo names. US President Trump’s speech on Afghanistan may also have not been as controversial or aggressive as some had been expecting.
10y JGBs were lower by 4 ticks as markets await the JPY 1tln 20y JGB auction, with results expected at 04:45BST.
22 Aug 2017 - 03:21- - Source: RANsquawk
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