Asia-Pacific equity markets were mostly higher on Monday. Japan shares were at two-decade top, yen at three-month low as Japanese Prime Minister Shinzo performed strongly in the election winning 312 out of 465 seats, with reports he, along with his coalition partner, will retain a two-thirds majority.
USDJPY had an active session earlier today, as the Yen slid over 0.4 percent to lows of over 114.0 against the USD early in Asia before partially recovering to current levels of around 113.75. Overall the Yen currently remains down 0.2 percent against the US Dollar. The Nikkei 225 surged 1.2 percent, with exporters notching gains on the softer Japanese currency.
EURUSD is currently seen trading around 1.1770 recovering from lows of around 1.1750 earlier in the session. The Euro eased as Spain’s constitutional crisis aggravated concerns about political unity in the region. Currently the Euro is down 0.1 percent against the US Dollar. The dollar index, which tracks the dollar against a basket of currencies was up 0.1% and is currently valued at 93.74
AUDUSD was weak earlier in the session trading around lows of 0.7800, but recovered to current levels of 0.7822. Australian 10-year government bond yields rose 2 basis points to 2.80 percent. The Kiwi continued its downtrend as the New Zealand dollar created fresh lows of 0.6931 against the US Dollar earlier in the session before recovering to current levels of 0.6967.
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