Forex news for Asia trading on Thursday 29 July 2021

Chinese stock markets opened higher on the session today following more efforts from authorities to calm markets including:

  • China's securities regulator met with executives of major investment banks on Wednesday night
  • More positive stock market items in Chinese financial media Thursday morning
  • the People's Bank of China injected liquidity into the banking system on Thursday morning
  • plenty of chatter about state-linked funds buying

Coronavirus news flow intensified with:

  • Japan considering further action as cases mount
  • Mask mandates, public and private, being reintroduced in the US, particularly for areas lagging in vaccinations
  • Australia's largest city, Sydney, saw a big rise in cases and further tightening of restrictions

The yen has gained during the session, USD/JPY hit lows under 109.70. EUR, GBP and CAD are all up a little against the dollar also, to varying extents (none recorded large ranges). AUD and NZD lagged a little and are not a lot changed.

Bitcoin traded just under $40k.

Shanghai Comp (5 min bars)

Forex news for Asia trading onThursday29July 2021