Home News ForexLive Asia FX news wrap: Yen edges a little stronger – ForexLive

ForexLive Asia FX news wrap: Yen edges a little stronger – ForexLive

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Forex news for Asia trading
for Friday 16
October 2020 

A subdued session on the forex
here in Asia on Friday with tight ranges almost across the board, yen
crosses slipping just a little lower.

There
was some focus on the twin ‘town hall’ presentations in the US,
one from Trump the other from Biden. If you caught snippets of each,
or even the full things, you may very well conclude that not many minds
were changed by these, both candidates were true to form.

Earlier
politics-related news was that there
are cases of coronavirus being reported now from the
Biden camp,
aides to Harris as well as someone on a plane with Biden. Something
to keep an eye on but so far both the Democrat candidates are
reporting negative test results.

That
other old chestnut, the Brexit trade talks also featured, comments
out of the EU side indicating talks would be ongoing, with some progress having been made but more to be done. There were no specifics given.

Japan
said it will tap into emergency budget funds as further support for
sectors of the economy.

For
currencies, as said already, ranges were small. EUR/USD is barely net
changed on the session, as is kiwi. GBP and AUD are down just a
little against the dollar. A quiet Friday.

Finally,
one more reminder for the New Zealand election. Its this weekend.
There is a preview linked in the bullets above. A clear result over
the weekend should be supportive of the NZD come Monday while doubt
on the result is likely to be a negative influence to begin next
week. More above. 

AUD/JPY:

Forex news for Asia tradingfor Friday 16October 2020 

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