FX rates stay in small ranges

Forex news for Asia trading on
August 2021 

was a subdued day across major FX here in Asia with very small ranges
prevailing and little net change across the board.

the data front we had Japanese PPI hitting its highest in 13 years
but with little discernible impact on the yen. Consumer level
inflation in Japan remains straddling zero.

flow was light, we saw a decline in new coronavirus case reports from
China and a widening of restrictions in Australia (capital city
Canberra will enter a strict 7 day lockdown from 5pm today local
time after
reporting its first case in a year; just one case).

regional equities, Japan’s Nikkei225 is up while China and Hong
Kong are both down (tiny). 

Gold straddled its technical level of 1750 from earlier in the week:

gold candel chart 

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