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Daily thread to exchange ideas and to share your thoughts Major currencies remain trapped in a relatively narrow range, with Asian equities looking more mixed as the Nikkei gains while the Hang Seng is dragged lower amid domestic worries.

Latest data released by the Japanese Cabinet Office – 25 May 2020 – Coincident index 90.2 vs 90.5 prelim Slight delay in the release by the source. The preliminary release can be found . A mild revision higher but the headline reading remains the weakest since June 2009.

Japan has largely eased state of emergency measures in the country since last week already mentioned That should allow for more normal day-to-day activities in the country and will give businesses more confidence to start operating at a higher capacity.

New Zealand continues to ease coronavirus restrictions However, with international borders still shut, that remains a blow to NZ's tourism industry – which plays a big role in the country's economy. But at least the domestic situation has gotten a lot better, so that lays the groundwork for the reopening of borders eventually.

The 'weekend effect' is at play here As is customary with the count over the past few weeks, the numbers are seeing a dip when factoring in the count over the weekend. That said, the situation in Germany is still looking somewhat better all things considered.

Forex news for Asia trading Monday 25 May 2020 Weekend: Check out the headlines above for the ratcheting up of US-China tensions further over the weekend. These spilled over slightly into forex markets for the opening session of the new week with a small bid tone for the USD. Ranges were not large though. It […]

The DAX goes in search of another leg higher See here for global coronavirus case data The index is now gaining by nearly 2% on the session, looking to hold a break above the 30 April high @ 11,235.57. It is now trading to its highest level since 6 March.

Cable is consolidating after the drop below 1.2200 on Friday See here for global coronavirus case data Boris Johnson is coming under fresh scrutiny in the coronavirus crisis, after he backed his senior adviser, Dominic Cummings, after the latter is said to have broken lockdown restrictions. At least 18 Tory MPs have now publicly called […]

USD/JPY is little changed close to 107.70 See here for global coronavirus case data The pair continues to consolidate around 107.50-80 for the most part since last week, with a firm break above 108.00 still proving elusive while downside momentum continues to be limited by the key hourly moving averages – in particular the 200-hour […]

EUR/USD falls back under its 200-hour moving average See here for global coronavirus case data The pair is tracking a little lower to start the session, falling to just under 1.0880 and notably under its 200-hour MA (blue line) @ 1.0885.