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AUD/JPY Bid On Touted Retail Demand Out Of Tokyo, Brexit News Support GBP

FOREX

AUD/JPY has crept higher as firmer e-minis have sapped some strength from safe havens. A market source suggested that demand was linked to Japanese retailers. The rate tested its 100-DMA after dipping through the moving average for the first time since May last week.

  • GBP picked up a bid after the Times published a report noting that "European negotiators have indicated for the first time that they are prepared to start writing a joint legal text of a trade agreement with the UK".
  • DXY has softened, having a brief look below yesterday's worst levels. That said, USD/CNH has edged higher despite USD weakness, with participants awaiting the daily PBoC fix.
  • Central bank rhetoric picks up today, with Fed's Williams, Harker, Clarida and Quarles, BoE's Bailey and Riksbank's Ingves due to speak. Key data releases includelash German CPI, final EZ consumer confidence and U.S. Conf. Board Consumer Confidence.
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