FX rates stay in small ranges


Forex news for Asia trading on
Thursday
12
August 2021 

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

On
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.

News
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).

For
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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