Oil jumped on Monday as OPEC+ considers a cut to output this week, while Asia shares were mixed with holidays in the Asia-Pacific region likely to result in thin trading.
South Korea has a national holiday on Monday, while China has just entered Golden Week and Hong Kong has a holiday on Tuesday.
"Given the holidays, trading is likely to be thin," ING's regional head of research Robert Carnell said in a note. The dollar traded flat against the yen at 144.75 after hitting a high of 144.89 overnight. Japan's finance minister Shunichi Suzuki said this morning the government would take "Attention later in the day will be on September data for the U.S. ISM manufacturing index.
"ISM manufacturing is unlikely to dent the optimism around the US economy that has been building up further with positive economic indicators released over the last few weeks," Saxo Bank market strategist Redmond Wong wrote in a research note. Tuesday will see the Reserve Bank of Australia meet, with markets widely expecting another 50 basis point rate hike, as well as the release of CPI inflation data from Japan.Leading cryptocurrency Bitcoin fell 1.15% to $19,200.Reporting by Sam Byford; Editing by Edwina Gibbs
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