Asia-Pacific equity markets were higher on Monday following a record-breaking Wall street session and Australia’s benchmark index rebounding from three straight sessions of declines as investors piled into risk assets amid optimism that the U.S. favors a peaceful resolution to North Korea’s nuclear threats and no new provocation by North Korea over the weekend.
USDJPY opened up around 40 pips early on Monday and has since stabilized around 111.20 currently. Overall, the Japanese Yen continues to lose value as it lost 0.3 percent against the US Dollar, extending Friday’s 0.5 percent drop. Bank of Japan is widely expected to maintain its massive asset buying campaign at a meeting on Thursday.
EURUSD is little changed from its late levels on Friday and is currently seen trading around 1.1934. The Euro had hit a 2-1/2-year high reaching $1.2092 earlier this month. The dollar index, which tracks the dollar against a basket of currencies was flat and is currently valued at 91.87 after losing 0.3 percent on Friday.
AUDUSD is currently seen Trading at 0.8024 as the Australian Dollar put up a strong show outperforming on the session rising 0.3 percent against the US Dollar. Australia’s main index added 0.5 percent rebounding from three straight sessions of declines. Similarly, the New Zealand dollar is seen trading at 0.7320 after the Kiwi added 0.3 percent against the USD.
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