[MARKET ANALYSIS] Yen continues to outperform amid BoJ rate hike expectations and following data including upward GDP revisions and firmer-than-expected Labour Cash Earnings

DXY: -0.1%

• Slightly softened but with downside stemmed amid mixed performances against its major peers and with a lack of major fresh catalysts stateside following the Labor Day holiday, while trade frictions linger with Canada's retaliatory tariffs of 15%-50% on US goods, announced last month, taking effect from midnight.

EUR/USD: Flat

• Trades indecisively at the 1.1600 handle amid quiet newsflow from the bloc and despite the recent upward revisions to EU GDP data.

GBP/USD: Flat

• Lacks conviction with upside contained by near-term resistance around the 1.3550 level and with several BoE speakers scheduled today, including Bailey, Ramsden, Greene and Taylor.

USD/JPY: -0.7%

• Extended on declines and briefly dipped beneath the 153.00 level as the yen continues to strengthen amid BoJ rate hike expectations and following data releases including firmer-than-expected Labour Cash Earnings and upwards Q2 GDP revision. There were also comments from Japanese Finance Minister Katayama, who stated there was no change to their forex stance since the Japan-US joint intervention and that they will closely communicate with the US to achieve orderly forex markets.

Antipodeans: AUD/USD -0.1% / NZD/USD -0.2%

• Mildly weakened after a deterioration in Westpac Consumer Sentiment and NAB Business Confidence from Australia, while the currencies were also not helped by the somewhat mixed trade data from both Australia and New Zealand's largest trading partner.