USDJPY found support from importers’ demand at the low of 101.77 and has rebounded to 102.44. EURUSD was steady at 1.368, while AUD squeezed marginally higher to 0.872. USDAsia gapped higher on the open but has since pared losses. USDKRW rallied to a high of 1087.5 before moderating to 1083. USDMYR was trading at 3.345, seemingly capped by central bank intervention. PHP and THB were about 0.2% weaker, the latter despite signs of rising violence over the weekend. The PBoC fixed USDCNY 13 pips lower to 6.1022.
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Credit Suisse