USD/JPY continued higher here during the Asian time zone, taking 136.00 and extending to highs above 136.30 before falling back a bit (below 136.20 as I report ).
AUD/USD also rose, ahead of the expected 50 basis point rate hike from the Australian Central Bank, due at 04:30 GMT. Previews here:
The Euro, NZD and British Pound also appreciated slightly against the US Dollar.
US stock index futures traded sharply higher. The accounts cite US President Biden seeking to ease Chinese tariffs. The video call between Chinese Vice Premier Liu He and US Treasury Secretary Yellen was also welcomed.
On the data front, China’s second largest services PMI (Caixin/Markit’s) started to expand again in June (see points above).
(This graph is from our mapping application, which is free and can be found on this link)