USDJPY was the big mover in Asia trading, falling to 115.78 post the GDP report from a day high above 117. EURUSD was marginally higher at 1.255, while AUD and NZD have both strengthened. AUD traded to a high of 0.879, benefitting from positive headlines on the Australia-China Free Trade Agreement. Most EM Asian currencies appreciated, led by a 0.6% gain in KRW and 0a .2% rise in SGD. The PBoC raised the USDCNY fix marginally to 6.1409 but USDCNH fell to a low of 6.1238 and the CNYCNH spread dipped marginally below 1, likely on the back of Stock Connect-related inflows.
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