USDJPY was supported at 102.2 as US 10y yields continued to trade close to 2.70%. AUD spiked on a better GDP print, but has eased back to 0.896 at the time of writing. EUR held steady at 1.373. In EM, the USD lost ground on the open but has slowly recovered. USDKRW rebounded to 1072 from a low of 1067 at the open. USDTHB and USDSGD were 0.1% higher on the day. The PBoC guided the USDCNY fix 21pips higher to 6.1257, but has allowed USDCNY spot to ease slightly to 6.1383.
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Credit Suisse
