Published at 02:15 (GMT) 22 Jun
USD/JPY Fixing set at 122.69.
BoJ Gov Haruhiko Kuroda will attend parliament from 2pm Tokyo time - BBG.
Yonhap: S Korea reported 2 more deaths from Middle East Respiratory Syndrome Monday, with three new cases, bringing the total number of people diagnosed with the disease here to 169.
The new cases, including a patient from Seoul's Samsung Medical Center, came from among those who were already suspected of infection after coming in close contact with MERS patients, according to the Ministry of Health and Welfare. The health ministry earlier said over 90% of all fatalities here involved people of old age or those with existing health problems that were apparently worsened by MERS.
On FX, USD/JPY a tad lower at 122.55-60 from 122.70-73, after the fixing demand filled. Nearing the lower of the 2Yen range from 122.45-50 to 124.50-60 Kuroda REER range. Focus on BoJ Kuroda comments at parliament later - could be grilled again o the same issue? Offers at 123.00-10 for now.
JPY/KRW looking offered under 9.000 handle, a 8.96-8.99 - with BoK and Korean MoF watching the KRW strength vs JPY closely. Given concerns over impact on Korean economy, exports and now with the MERS outbreak. Though as seen above, most of the fatalities involved older people and those with existing health problems. JPY/KRW near the 7-year 4-month lows, since Feb 29 2008 8.8826.
USD/KRW at 1,100.1, down from Friday close of 1,107.1. Range of 1,099.3 to 1,104.3 - with talks of Korean exporters, electronics giants month end and also half year end related selling. Offers at 1,105-1,1100. Bids at 1,098-1,099. More bids ato 1,095 - eye any BoK rumours.
Recommended Content
Editors’ Picks
USD/JPY briefly recaptures 160.00, then pulls back sharply
Having briefly recaptured 160.00, USD/JPY pulls back sharply toward 159.00 on potential Japanese FX intervention risks. The Yen tumbles amid news that Japan's PM lost 3 key seats in the by-election. Holiday-thinned trading exaggerates the USD/JPY price action.
AUD/USD extends gains above 0.6550 on risk flows, hawkish RBA expectations
AUD/USD extends gains above 0.6550 in the Asian session on Monday. The Aussie pair is underpinned by increased bets of an RBA rate hike at its May policy meeting after the previous week's hot Australian CPI data. Risk flows also power the pair's upside.
Gold stays weak below $2,350 amid risk-on mood, firmer USD
Gold price trades on a softer note below $2,350 early Monday. The recent US economic data showed that US inflationary pressures stayed firm, supporting the US Dollar at the expense of Gold price. The upbeat mood also adds to the weight on the bright metal.
Ethereum fees drops to lowest level since October, ETH sustains above $3,200
Ethereum’s high transaction fees has been a sticky issue for the blockchain in the past. This led to Layer 2 chains and scaling solutions developing alternatives for users looking to transact at a lower cost.
Week ahead: Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.