EURUSD maintained its overnight gain at 1.147. USDJPY climbed initially but lost momentum around 118. EURCHF rose further to 1.06, while AUDUSD was back to 0.782, reversing all of its loss yesterday on RBA. Asian FX rallied aggressively on the back of profit taking on USD longs. USDMYR plunged 2% to 3.558 as Malaysia reopens after a two-day holiday, helped also by higher oil prices. USDKRW fell 1% to 1087 and USDTWD fell 0.6% to 31.4. For the high yielders, USDIDR gapped 0.5% lower on the open to 12586, and USDINR fell to a low of 61.55 before retracing to 61.62. The PBoC fixed USDCNY 51pips lower to 6.1318. USDCNH fell for a third day to 6.2518.
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