ForexLive Asia FX news wrap: Yen crosses rise further

Forex news for Asia trading on
Monday
11
October 2021

Rising
oil prices and falling yen were
the
main themes again here during Asia to open the week.

AUD
and GBP were notable risers but NZD, CAD and EUR also showed
strength. USD/JPY is above 112.50
as I post.

There
was a decent flow of news over the weekend and during the session
(see bullets above) in brief:

Lebanon
say a 24 power outage

Continuing
rain in northern China caused widespread flooding and landslides and
subsequent deaths, injuries and damage – 60 coal mines have
suspended operation

two
officials from the Bank of England Monetary Policy Committee ,
including Governor Bailey himself, hinted at UK rate rises

there
was further promising news of the US and China talking on trade
issues

The
People’s Bank of China set the onshore yuan stronger again today
and further drained funds from the banking system (see bullets
above).

Reminder:

News

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