Asia-Pacific FX news wrap: El Salvador buys 80 Bitcoin

El Salvador’ s President Nayib Bukele announced on twitter that the country bought another 80 BTC, at US$19,000 each. BTC/USD has jumped from lows under $18,800 to back above $20K.

In major FX the movers were yen crosses. We had a barrage of data from Japan today but the yen buying on Thursday US time in response to the slight moderating in US inflation was what carried on during the Asian timezone.

USD/JPY tested towards 136.00 but has slipped from there to be circa 135.30 as I post. AUD/USD, NZD/USD, cable are all notably lower. Yen crosses even more so. EUR/USD has dribbled off a few tics but its been a big mover. USD/CAD has gained a little.

(Reporting by AJFX Limited, Editing by Shivangi Jadav)

Ask For Free Consultancy Today!