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Early focus remains on the Yen

USD
  • In FX, although the Aussie is the worst early performer against the Greenback in G10, the cross trades near yesterday's afternoon level, and still short of pre US CPI, was trading circa 0.6984, now at 0.6997.
  • Early focus should be on the Yen, which is finding more early selling interest.
  • USDJPY is short of yesterday's high (134.68) and still needs a print up to 134.91 to have fully reversed pre US CPI level.
  • In terms of tech, resistance is at 135.96 61.8% retracement of the Jul 14 - Aug 2 downleg.
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  • In FX, although the Aussie is the worst early performer against the Greenback in G10, the cross trades near yesterday's afternoon level, and still short of pre US CPI, was trading circa 0.6984, now at 0.6997.
  • Early focus should be on the Yen, which is finding more early selling interest.
  • USDJPY is short of yesterday's high (134.68) and still needs a print up to 134.91 to have fully reversed pre US CPI level.
  • In terms of tech, resistance is at 135.96 61.8% retracement of the Jul 14 - Aug 2 downleg.