BOC SAYS DOESN'T NEED TO ALTER PATH OF QT RIGHT NOW

this is a test, please ignore

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Attention remains squarely on the US Employment data

USD
  • The Dollar leans in the red going into the European session, weighted by the recovery in Equities Yesterday and into the overnight session.
  • The Greenback tested intraday low against the GBP, EUR, and resistance in Cable seen towards 1.2775 High Jan 24, held in early trade, after printing a 1.2772 high, now at 1.2760.
  • Overall the USD is down across G10s over a 5 days period, and today, AUD is the best performer, up 0.37%, aided by the recovery in Risk.
  • The pound extended some gains against the Dollar, still not yet the best performer, but slowly catching the AUD, AUD leads up 0.47%.
  • The Yen saw some unwind, after trading at its highest in 12 sessions against the Dollar, and despite the lower US Yield, the Yen is on the back foot against the EUR, GBP, USD, AUD, and is the only Currency down against the Dollar in G10, with the NOK.
  • Some market participants will look at 147.11, Yesterday's high for initial resistance in the USDJPY.
  • Looking ahead, focus is squarely on the US NFP/AHE.
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