The Japanese yen joins the greenback at the back of the class
The kiwi and aussie are leading gains on the day buoyed by optimism surrounding trade talks, particularly after it is reported that Trump is considering to extend negotiations and the tariffs deadline by 60 days earlier. However, just be wary that there is also talk that such speculation is not accurate so that may temper gains in both currencies later in the session.
Meanwhile, the rest of the major bloc is recouping losses against the greenback since overnight trading. The dollar advanced yesterday on the back of a slightly better-than-expected CPI report but is seeing some mild pressure as we await European traders to join us.
Risk assets are also underpinned with US equity futures trading near session highs currently, up by around 0.3%. And that is helping to keep the yen on the back foot as markets are still viewing developments in Beijing in a more positive light.
In the coming minutes, we'll have German Q4 GDP data to kick start the morning before trade talks and the Brexit debate will start to dominate trading sentiment as we look to wrap up the week over the next two days.
