Asia FX Gains as Dollar Eases; Key Data in Focus

Asia FX Sees Some Relief as Dollar Cools; Yen Firms Amid Intervention Talk

Introduction

Most Asian currencies saw a slight boost on Tuesday as the U.S. dollar calmed down from its recent surge. The Japanese yen strengthened due to speculation that the government might step in to stabilize it. Meanwhile, the ongoing trade tension between China and Western countries kept market sentiment fragile. Chinese ministers were in talks with German officials about importing tariffs on electric vehicles, while Canada showed signs of joining the U.S. in imposing trade restrictions on China. Key inflation data awaited from the U.S. and Japan also added to the cautious atmosphere.