The yen couldn’t sustain early gains after a smaller-than-expected decline in Q2 GDP and is now flat on the day at 102.29 to the dollar. EURUSD and AUDUSD rose about 0.2% to 1.3366 and 0.9282 respectively. In EM Asia, the THB outperformed, rising 0.4% to 31.974 while the PHP underperformed, falling 0.3% to 43.965 followed by a 0.2% weakening in the Indian rupee to 61.245. USDKRW is stable at 1027.32. USDCNY fixed 16pips higher to 6.1533.
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