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Antipodeans Firm In Asia

FOREX

The Antipodeans have ticked higher in Asia, firmer US Equity Futures and a recovery from session lows in US Tsys boosted risk sentiment today. Ranges remained narrow and cross asset flows have been muted for the majority of the session.

  • Kiwi is the strongest performer in the G-10 space at the margins. NZD/USD prints at $0.6240/45, bulls target a break of the high from 14 Dec ($0.6249) which opens the $0.63 handle.
  • AUD/USD is ~0.2% higher, the pair has risen above the $0.67 handle however we remain well within post-FOMC ranges. Resistance comes in at $0.6729 High Dec 14 and $0.6747 76.4% retracement of the Jul 13 - Oct 26 bear leg.
  • Yen is little changed from opening levels and USD/JPY has sat in a narrow range for the most part today. A reminder that USD/JPY is in a technical downtrend. Support comes in at ¥140.71 76.4% of the Jul 14 - Nov 13 bull run. Resistance is at ¥142.90 High Dec 14.
  • Elsewhere in G-10 the EUR has trimmed some of Fridays losses and is up ~0.1%.
  • The docket is thin on Monday, due tomorrow is the latest monetary policy decision from the BOJ.
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Energy BulletsCommodities

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