Risk-Positive Tone Continues Weighing On JPY

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Friday, September 21 – Asia Session Recap

During the Asia-Pacific session, the market’s focus remained on the positive risk tone. Asia equities trade higher across the board with the Nikkei up 0.82% and the Hang Seng up 1.58%.

The ongoing positive tone continues to weigh on JPY which remains the session’s laggard. AUDJPY is trading firmly above 82.00 while EURJPY has broken above 133.00.

Elsewhere, Brexit developments continue to grab headlines. UK Cabinet minister Grayling has warned there will be no deal with the EU if it does not soften its position on the Irish border.

Elsewhere, former Brexit Secretary Davis warns that as many as 40 MPs could vote against PM May’s Chequers plan. This comes alongside numerous criticisms from EU leaders over May’s Chequers plan at Salzburg summit.

Despite recent Brexit headlines, GBP trades relatively range bound, although firmly off yesterday’s highs.

For additional research, we’ve posted news articles from around the web below.

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