EURUSD is flat at 1.2443, USDJPY is marginally higher at 115.70, and AUDUSD has softened to 0.8701 in response to comments from RBA Assistant Governor Christopher Kent about the AUD being overvalued and, in response to a question, not ruling out the possibility of intervention. Most EM Asia currencies traded in tight ranges with a modest dollar bid. USDKRW edged up to 1098.2, USDIDR crept back up to 12,214, USDINR is slightly higher at 61.544 while the MYR, PHP, and TWD are essentially flat. USDCNY fixed 10pips lower to 6.1418.
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