Asian session highlights May 28th

  • Weak Capex data saw the AUD/USD fall swiftly from .7750 to lows below .7680, where Reserve Managers were notable buyers;
  • The spot iron ore price traded at 3-month highs but had no effect on the AUD;
  • USD/JPY continues to drive higher, making new 13-year highs near 124.30;
  • The Japanese pension fund was a noted seller of JGBs and buyer of Japanese stocks;
  • The EUR and GBP traded sideways as Asian currencies dominated.

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