ForexLive Asia FX news wrap: EUR staged a bit of a bounce


Yields on US bonds fell during
the session,

with the
10-year yield back to its lowest in a week after the surges earlier
this week.

After
the big drop in the US on Thursday equities continued lower here
today. Regional stocks fell. US equity index futures dropped,
extending those Thursday US declines.

Also
falling was the price of oil, both WTI and Brent dropped more than
2%.

In
the FX space USD/JPY slid as haven flows supported the yen (and CHF).
AUD, NZD, CAD, NZD all fell against the dollar. EUR/USD fell also,
initially, but has subsequently staged a comeback, outperforming to
be up 30 or so points from its early-session lows.

There
was little in the way of fresh news. We did get Japanese CPI data
(for December) which fell once energy was excluded (see bullets
above).

Crypto
declined, leaders BTC and ETH dropping over the course of the
session. As I post BTC/USD is barely off its lows. The move today takes BTC/USD to more than 40% below its all-time high.

btc 21 January 2022 wrap




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