Asian FX marked time ahead of Fed nominee Warsh's remarks, with policy divergence driving the session's clearest moves. BOJ Deputy Governor Himino called for timely rate hikes to curb inflation and flagged growing upside price risks, keeping USD/JPY offered and September tightening odds elevated. The Bank of Korea delivered a second consecutive hike, lifting its benchmark to 3.00% and providing support for the won against the dollar. Australian household spending surged, building the case for an RBA hike and underpinning AUD/USD, though China's industrial profit growth slumped to a seven-month low of 11.2%, capping the commodity-currency bid. ING flagged further downside for the Canadian dollar on tariff chaos, leaving USD/CAD biased higher. Oil markets absorbed reports of a tanker attack in the Strait of Hormuz dated August 25, adding a geopolitical risk premium that supports CAD and NOK but pressures energy-importing currencies. USD/JPY support sits near 146.50, AUD/USD resistance near 0.6600, and traders should expect volatility once Warsh speaks.
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