The Japanese yen is inching up as the Trump-Kim summit ends abruptly
The yen is the currency that's been rather active in the past hour as the Trump-Kim summit in Hanoi ends abruptly with no agreement to show for or any joint statement set to be produced. USD/JPY traded around 110.85-90 before the headlines came about but slipped to a low of 110.70 earlier before recovering some ground to 110.80 now.
Other than that, the swissie remains well-bid since Asian trading after USD/CHF failed to hold above parity level again. Near-term bias favours sellers now as price falls below the 100-hour moving average and looks towards support at the 100-day moving average near 0.9960 next.
The rest of the major currencies bloc are trading more tepidly with little action of note thus far. Trading ranges are still relatively narrow for the most part as risk sentiment is a little softer with trade optimism starting to fade and Chinese data earlier not really helping after yet another poor showing. The whole Trump-Kim debacle only compounds matters at this point.
Looking ahead, we'll have a slew of economic data to come in the European morning so let's see if that will help liven things up. We'll also get Trump's statement on the summit at the top of the hour for added measure.
