Sentiment was negative as the US major equity indices closed into red territory Thursday at close. This morning in Asia we had a bit of a mixed picture. Dragging investor sentiment overall was the conclusion of US-China trade talks without any major developements on Thursday. On the same day both sides of the table went ahead with tariffs from the US and levies from China.
The Aussie retraced some of the losses it suffered earlier this week after the latest political turmoil in Australia seems to have seen PM Malcolm Turnbull ousted and his successor shall be Scott Morrison.
Overnight as well we inflation data out of Japan failed to impress, as levels at the core figures remained on the rise but unchanged from the previous month’s gain and still far off from the government’s target of 2%.
USDJPY continued to rise overnight and is currently at 111.41, entering its fourth consecutive day of gains despite USD weakness across the board.
The US Dollar index (DXY) has been on the decline this morning, after the gains made on Thursday. Thursday’s gains managed to retrace an earlier week of losses. DXY is currently at 95.53.
