The Global Macro Pulse

EURUSD was little changed at 1.1404, while USDJPY was marginally lower at 119.08 following the Bank of Japan policy announcement. In the Asian FX space, USDKRW was the big mover, up 0.8% on the day to 1111.34. IDR spot also depreciated against the USD by around 0.5% to 12808, following the surprise rate cut by Bank Indonesia. China markets are closed today.

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