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Cash Re-Opens In London, NFP In View

US TSYS

TYZ3 deals at 107-15, -0-00+, a 0-05+ range has been observed on volume of ~59k.

  • Cash tsys have been closed in today's Asian session due to the observance of a national holiday in Japan and will reopen in the London session.
  • Tsys have observed a narrow range in Asia with little follow on moves, the Japanese holiday affected general liquidity.
  • US Equity futures were moderately pressured in early trade as Apple's Q4 Sales Outlook disappointed. A recovery was seen from session lows however e-minis and NASDAQ futures are holding lower. There was little spillover into the Tsys and the greenback remained stable.
  • The proximity to this evening's NFP also limited activity in Asia. The MNI preview is here.
  • Also due today is the final print of Services PMI and the ISM Services Survey.

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