• Quiet pre-Tokyo with majors trading in 10-pip ranges
  • Nikkei and Kospi opened around 0.75% lower but have since rallied and with no sign of any major risk aversion, the JPY crosses have also rallied and the USD has fallen against the majors
  • Market eyes the Chinese market which led the way lower yesterday. Taiwan opens -1.25%
  • Exporter selling surfaces in USD/JPY around 94.80