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Are US politics starting to wear off for Asian equities?

FXstreet.com (Chicago) – Equity indexes in Asia print mixed results despite the one-week-old US government shutdown. On recent developments, President Obama appointed Yellen as the next Chairman of the Federal Reserve ahead of the FOMC minutes and large amounts of official data releases due later in the day.

In Japan, after unsurprising minutes and remarks by Japanese officials, the Nikkei 225 is up 0.45%. In Australia, the S&P/ASX 200 is up 0.12% similarly to the Korean Kospi advancing 0.42%. In India, the S&P CNX Nifty is up 0.38% along with the Sensex stronger 0.44%. Finally, the Shanghai Composite prints 0.33% gains so far. Losing indexes are the Indonesian IDX down 0.14% and the Hang Sen 40 giving 0.62% so far.

Flash: US shutdown more negative for USD than global risk appetite - RBS

The uncertainty created by the US fiscal disagreement is playing against the attractiveness of the USD, notes Greg Gibbs from RBS.
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Flash: Current level of USD/JPY is attractive for fresh longs - Nomura

One of the main take-away from the latest Nomura survey on USD/JPY is the lowered expectations for the exchange rate to appreciate as much as one month ago, mainly due to uncertainties on US fiscal situation and expectations for slower timing of Feds’ tapering.
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