Forex and Bitcoin news for Asia trading Monday 16 July 2018

China data:

After the previous two Monday morning in early Asia saw low liquidity forex volatility today was a little more subdued. Weekend news flow was light and only minimally impactful on the currency rates.

US President Trump did give an interview at which he characterised the EU as a foe:

"I think the European Union is a foe, what they do to us in trade." EUR has done little here in Asia today, confined to a range of pretty much 1.1675/85 or thereabouts. Trump and Putin will meet later during Monday (from 1015 GMT).

USD/JPY opened very early here a little weaker than its us close but soon recovered. It has since popped its head briefly above 112.50 and is just under there as i post. A holiday In Japan today (Marine Day holiday) has kept Japanese markets closed.

Cable has drifted slightly higher through Aia, for a total gain from its lows of around 25+ points. AUD and NZD had a a try a little higher early but have since come back to be little changed for the session.

The data event for the day was out of China, Q2 GDP (in line but 0.1% below Q1, check out the data post above and numerous response posts) and June activity data (retail sales solid, industrial production not so much, again, bullets above

Still to come:

Pic of the day (week?)