Forex
news for Asian trading on
Monday,
23 October 2023

War
continued in the Middle East with continuing air strikes into Gaza,
Hezbollah attacks from Lebanon and missile strikes on two airports in
Syria. In more encouraging news, truck convoys entered Gaza with some
aid supplies. The lack of serious escalation provided some relief for
markets, seeing some flows back into ‘risk’ (US equity index
futures popped on the Globex reopen for the week, for example) while
some of the premium was sapped from oil, gold and the CHF.

USD/JPY
popped above 150.10 very briefly in very early trade in Asia on
Monday. The pop was almost instantly reversed and subsequently the
pair have stalled back around 149.80/90 or so for most of the
session. As I post the pair is circa 149.93.

EUR/USD
dribbled a little lower, in a small range.

Chinese
equities remained under pressure.

Hong
Kong and New Zealand markets were closed for a holiday Monday.

Bitcoin traded higher also:

Source: https://www.forexlive.com/news/forexlive-asia-pacific-fx-news-wrap-no-ground-war-in-gaza-yet-oil-gold-chf-give-back-20231023/