Japan Trade Balance – BOP Basis declined to ¥-189.4B in July from previous ¥469.6B
AUD/USD kicks off the new week on a flattish note and oscillates in a narrow range around mid-0.6500s amid mixed cues. The US Dollar moves away from an over one-month low, touched in reaction to the dismal US NFP report on Friday, and caps the currency pair. That said, rising Fed rate cut bets limit the USD upside, which, along with the risk-on mood, acts as a tailwind for the Aussie.
