The Asia‑Pacific session was largely uneventful, as markets drifted without any new catalysts.
Key moves
- EUR/USD near 1.20 as ING notes USD weakness.
- Goldman Sachs targets USDJPY short at 142 with stop above 152.
- China and Kazakhstan sign pledge for closer trade and cooperation.
- PBOC sets USD/CNY mid‑point at 7.1287, below the 7.1748 estimate.
- Nomura remains short USD heading into Jackson Hole.
- Japan’s flash manufacturing PMI at 49.9 versus 48.9 prior.
Summary
With no major catalysts this morning, the AUD weakened while the euro led the way, the ASX200 advanced 0.68% and the Nikkei slipped 0.49%. Oil edged up 0.35% and gold slipped 0.26%. Traders await EU, UK and US flash PMI readings and the forthcoming Jackson Hole symposium for clearer direction.
(Source)
