ForexLive Asia FX news wrap: Currencies catch a bid against the USD

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Forex news for Asia trading
Monday 21
September 2020 

Weekend

After opening weak US equity
index futures on Globex recovered, currencies followed along on the
rise like obedient dogs. EUR, GBP, AUD, CAD, NZD are all higher
against the dollar as I update. The ranges have not been large but
for Asia they are OK sort of moves.

It
was a Japanese holiday on Monday (Respect for the Aged Day) and
another will follow on Tuesday (Autumn Equinox Day). Yen added on
points against the dollar but USD/JPY has remained above its Friday
US session lows circa 104.30.

There
was news flow over the weekend and during the session but nothing of
too much urgent significance for currencies. The UK appears to be
edging closer to further lock downs.