After its overnight rally, the USD is marginally stronger against the major currencies in Asia. AUDUSD has dipped to 0.8387, EURUSD is trading 1.2307, and USDJPY has nudged up to 119.93. The KRW has underperformed, rising about 0.3% vs. the USD. We suspect that the authorities were supporting 9.30 on JPYKRW. USDCNY fixed 35pips higher, to 6.14110, its highest level in eight sessions.
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