During the Asian session, there are no important economic news that could push markets significantly. At 03:30 we expect Japan's production PMI data. Expectations are for a slight increase to 52.6 from 52.5. Despite the positive expectations, I do not think that they would support the JPY, as positivism is taking precedence in the last few minutes of stock trading in the US. This, in turn, implies two events during the Asian session, which is devoid of important economic news. Purchase shares and sell Safe Haven tools, such as JPY.
In support of Asian shares, Larry Kudlow's statement was earlier today, stating that Trump will use the G20 meeting to meet Xi Jinping personally. I expect the US willingness to support Asian assets during the Asian Stock Exchange session.
Currently, the most appropriate trade seems to be positioning long with USD/JPY, and any adjustment during the Asian session will be used to add to the long ones.
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