ForexLive Asia FX news wrap: Major FX rates subdued

Forex news for Asia trading on
2 September 2021

Major FX rates tracked mainly
sideways during the session here with little net change to report on
the day. Fresh news was
thin on ground although we did get a couple
data releases, none of which had much currency impact:

trade surplus (July) hit a record high while housing finance figures
for the month indicated the upward swing in prices looks to have some
room to run still

the central bank from we had remarks from uber-dovish Bank of Japan
board member Kataoka, he said Japan’s economic recovery is too slow
and he’d add more stimulus if it were up to him.

the move higher in ETH on Wednesday US time BTC added on gains here,
as I update it is on approach to US$50K.


BTC looks to be pausing before having a go above 50k

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