The Traderszone Network

Forex news for Asia trading Monday 8 August 20
It was a fairly subdued beginning to the FX trading week.
USD/JPY was a (very) early mover, moving towards 102.20 pre-Tokyo on a few left over stop loss orders from Friday. It dipped back under the figure but soon started highr again, this time above 102.20 before settling under there as Tokyo and then later Asian centres opened for the week.

Strong U.S.

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Commentary from the China Customs administration
– They say pressure on exports is expected to ease at the beginning of Q4
Reuters with the headline, nothing further at this stage.

What an amazing man.
Michael Phelps has just won his 19th Olympic gold medal. This time swimming in the men’s 4×100-meter freestyle relay at the Rio Olympics.

Sunday night at Estadio Olympico, Ledecky made it 13 for 13, dominating the women’s 400-meter freestyle as everyone who has paid swimming a moment’s notice the past year knew she would.
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In July, exports fell 4.4 percent on-year, while imports fell 12.5 percent in U.S. dollar terms, according to Reuters data.

YUAN TERMS trade balance out now
China trade balance for July: a surplus of 342.8bn CNY
– expected CNY 311.85bn, prior was 311.2bn
Exports +2.9% y/y
– expected +2.3%, prior was +1.3% y/y
Imports -5.7% y/y