Forex Today: Yen rallies hard in Asia on risk-off, BoJ chatter, a quiet calendar ahead

as declared in More so, Trump's comments on fx manipulation also fuelled the risks of a trade war now converting into a currency war. The US dollar fell to a fresh nine-day low at 94.21 against its major peers, lifting the sentiment around most majors. The Yen outperformed amid risk-aversion and the latest BoJ speculation that the central bank may tweak its monetary policy stimulus at its monetary policy meeting scheduled next week. However, the Bank of England (BOE) MPC member Broadbent's speech will hog the limelight in the NY session today. EUR/USD: Put demand eases ahead of the ECBThe demand for the EUR puts has dropped sharply in the run-up to this Thursday's European Central bank (ECB) rate decision and Draghi presser.

Forex Today: Antipodeans slip on Yuan sell-off, Eurozone PMIs in focus

Across the fx board, the Antipodeans surrendered gains and fell back into the red zone, tracking the slide in the Yuan and negative oil prices. Hence, the EUR and GBP traded on the offers, although modestly flat awaiting fresh impetus from the upcoming macro news later today. The Yen struggled to retain the bids, as the USD/JPY pair bounced-off lows just ahead of the 111 handle. Main topics in AsiaIran waves off angry Trump tweets - ReutersAccording to reporting by Reuters, Iran has dismissed an angrily-tweeted warning from US President Trump that threatening the US would have "dire consequences". Both the German and Eurozone manufacturing sector activity is seen slowing down to 55.5 and 54.7 respectively this month.

Forex Today: Yuan sellers returns to Asia, focus shifts to US Q2 GDP

As it stated in Forex Today experienced moderate risk-aversion, as the Yuan weakness returned to the markets, leaving investors on the edge again. Comex gold futures, on the other hand, traded on the back foot near $ 1223 levels amid higher Asian equities. Republican lawmakers still sceptical on EU-US trade - ReutersAs reported by Reuters, Republican officials remain on the sidelines about the success of trade talks between US President Trump and the European Union's Jean-Claude Juncker. The annualized US Q2 GDP growth rate is expected to jump to 4.1% versus 2.0% previous. That said, an above-forecast GDP reading (due today) could yield a downside break of pennant pattern, boosting demand for the EUR puts.

collected by :John Locas