The forex trading headlines for Asia trading today, Wednesday June 26

Yen was the most active today, with USD/JPY tripping buy stops above 98.00 in the pre-Tokyo market. It ran into sellers above 98.15/20 and slowly lost ground through the morning, coming back to below 97.75 before stabilizing.

The Shanghai Composite lost a little ground from opening levels but had a quiet morning relative to recently.

Gold was the other big mover, getting hit to just below 1250USD.

EUR/USD lost a little ground, trading below overnight lows, just barely. A tight range, though – as was that for GBP.

AUD/USD chopped in a 30-odd point range, a little higher in the morning but back to its lows as the Shaghai Composite came off from opening levels.