Asian equity markets were broadly lower following North Korea’s latest missile launch over Japan early on Friday. The unidentified missile flew over Japan before landing 2,000 km east of Hokkaido, Reuters said, citing Japanese broadcaster NHK. The launch came just days after the U.N. Security Council approved new sanctions against Pyongyang for its Sept. 3 nuclear test, but markets are growing accustomed to North Korea’s sabre-rattling.
USD/JPY had plenty of action early on Friday, Price dropped like a rock below 109.60 at one stage as the Yen gained as much as 0.6 percent, however almost instantly recovered most of its losses rallying back toward 110 rapidly. Currently the Yen is seen trading around 110.40 against the US dollar. Similar to the USD/JPY most of the Yen crosses went lower and then these, too, bounced recovering most of their losses.
EUR/USD is seen trading range bound around 1.1910 as the Euro steadied against the US dollar up from Thursday's two-week low of $1.18365. The dollar index measured against a basket of six major currencies fell 0.1 percent, following a 0.3 percent drop on Thursday and is currently valued at 92.13.
AUD/USD is net more or less unchanged on the session, the Aussie Dollar is currently seen trading at 0.7995 against the US dollar bound to a very small range. On the other hand, the NZD/USD is a few tics higher as the Kiwi is seen trading at around 0.7237 against the US Dollar, but similar to the Aussie, the gain is very limited.
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