Recap of Asian trade on 02.11.2018: USDX, USD/JPY, AUD/USD

After the greenback’s spike on Thursday, traders shifted their focus off the US currency again.
The USDX index nosedived on Wall Street. The index keeps going down approaching 96.10. It happened, primarily, due to the PMI released yesterday which showed a slowdown in the US manufacturing sector expansion.
In the meantime, the US dollar strengthened against yen in the Asian session. The dollar/yen pair drew closer to 113.00 zone. Traders decided to sell the safe have yen after media reports that US President Donald Trump is ready to settle trade relations with his Chinese colleague during the G20 summit.
The high-risk aussie is also going ahead. The AUD/USD pair was trading firmly higher around 0.7240 in the Asia-Pacific session, despite mixed economic data from Australia. The producer price index increased in the third quarter, while the retail sales index dropped. Nevertheless, experts say that traders tune their decisions mainly to political factors.
Later today, the United States Department of Labor is due to release its report which may change trading sentiment on Forex. However, experts suppose the greenback to finish the week with losses.

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