Asia-Pacific equity markets edged down early on Monday despite record gains on Wall Street last Friday as China’s central bank chief warned again about excessive leverage. Investors also digested earnings reports and remained cautious as US President Donald Trump's tour of the region got underway.
USDJPY is currently seen trading at 114.30 as the Yen lost 0.2 percent against the US Dollar, continuing its earlier decline of 0.5 percent when The dollar rose as high as 114.735 yen, climbing to its highest levels since mid-March. Japan's Nikkei 225 slid 0.11 percent as markets re-opened for trade after a long weekend, currently the Nikkei gained some ground and is up 0.05%.
EURUSD was steady earlier in the Asian Session trading in a tight range around 1.1610. The Dollar is currently near three-month highs, underpinned by Fed tightening view. The dollar index, which tracks the dollar against a basket of currencies was flat and is currently valued at 94.94. The yield on 10-year Treasuries was up about one basis point to 2.34 percent. It fell more than seven basis points last week.
AUDUSD opened on a slightly positive note currently seen trading above 0.7650 benefiting from a better tone in Chinese commodity markets. Australian 10-year yields were steady at 2.57 percent. On the other hand, the New Zealand dollar was slightly weaker trading around 0.6890 down from session highs of 0.6915 against the US Dollar.
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