Forex news for Asia trading Tuesday 18 June 2019

The UK Times cited a senior UK Labour Party source for the information, saying Opposition leader Corbyn will announce on Wednesday that the Labour party will change its Brexit policy to support a second referendum in all circumstances. The news gave a boost to GBP., not a big one, but it moved up from around 1.2550 to above 1.2665 before flattening out. This, of course, followed the much bigger move during US time.

Other currencies were on the move also (again, following much bigger moves in the lead into Asia time). AUD/USD and NZD/USD extended their overnight gains by a few points before they too flattened out and pulled back to little net session change.

EUR/USD maintained a bare 10 point range, while USD/JPY tested above 108.60.

Forex news for Asia trading Tuesday 18 June 2019

News and data flow, apart from Corbyn, was not notable.

Its not unusual for pre-FOMC sessions in Asia to be a little restrained. Traders are circumspect, and adding the feeling was the BOJ and BOE yet to come on Thursday.

Still to come: