Narrow Trading Ranges Observed in Asia

Throughout the Asian trading session, the USD/JPY pair exhibited a modest increase of 0.2%, reaching 145.13. This movement followed a recovery in the yen from its nearly 10-month low.

Conversely, the AUD/USD pair experienced a decline of 0.2%, settling at 0.6463. Simultaneously, the USD/CNY pair saw a 0.1% rise to 7.2822. The yuan’s ascent was supported by another significantly stronger daily midpoint fixing set by the People’s Bank of China (PBOC).