All major Asian stock markets are up on the day. Market sentiment improved following the meeting of US President Trump and Japanese PM Abe over the weekend, during which Trump backed a little bit away from his focus on protectionist policy.
In FX, the Dollar strengthened and the Yen was the worst performing currency. USD/JPY opened around 113.40 in Asia, slightly higher from Friday's close, and rallied to a high of 114.17 later in the session. Resistance is now seen at 115.20.
Price action in the other major FX pairs was relatively quiet. EUR/USD rose from 1.0612 to 1.0636, while GBP/USD made it from 1.2480 to 1.25. AUD/USD consolidated in a 0.7660-80 range, while NZD/USD was stuck between 0.7180 and 0.7210.
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