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ForexLive Asia FX news wrap: Japan PM Suga to step down

Forex news for Asia trading on
Friday
3
September 2021  

ADDED: Just as I posted the wrap, this:

Nikkei futures responded higher, USD/JPY up circa 15 points as I update. Yesterday a contender for the leadership, Kishida promised a broad swathe of fiscal support.

Very tight ranges and largely sideways for most all major FX rates
today here in Asia with eyes looking ahead to the jobs data due from
the US Friday morning.

There
was little in the way of market-moving news and data releases were
lower-tier (services PMIs from Australia
and Japan weaker). The People’s Bank of China
drained funds again today (and for the week as a whole) and set the
reference rate for the onshore yuan at the strongest (for the CNY)
since the end of June.

Regional
equities:

Gold traded higher, BTC a little lower:

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