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Antipodeans On Softer Footing Ahead Of Central Bank Decisions

FOREX

Antipodean currencies lag their G10 peers in early Asia-Pac trade amid subdued volatility, with Sydney back from a public holiday. Financial markets in mainland China and Hong Kong are closed today. Central bank decisions are eyed on both sides of the Tasman Strait, with the RBA set to make its announcement later today.

  • There was only a negligible downtick in USD/JPY as wires reported that North Korea fired a mid-range ballistic missile which flew over Japan and landed in the Pacific Ocean, triggering a civilian warning for several areas in Japan. Spot USD/JPY is now creeping higher towards the Y145.00 figure seen as an informal threshold of heightened intervention risk.
  • After Asia hours, focus will turn to U.S. factory orders & final durable goods orders, as well as comments from Fed's Logan, Williams, Mester, Jefferson & Daly and ECB's Lagarde, de Cos & Centeno.

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