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USDCAD TECHS

Circling Major Support

US TSYS SUMMARY

Stocks and Rates Near Session Highs Late

AUDUSD TECHS

Tepid Bounce

LATAM

OUTLOOK: WEEK AHEAD

US EURODLR OPTIONS

Nice Mark for Early Put Buyer

FOREX
FOREX: EUR/JPY breaks to a two-month high as range finally snaps
-After weeks of low volatility and incredibly tight ranges, JPY snapped lower
during US hours, prompting EUR/JPY to show above the Y126 handle and USD/JPY
comfortably above Y111. Gains for equity markets throughout the Asia-Pacific and
European trader days filtered through to the US, with core US indices up
0.6-0.8% apiece following the delay to Trump's planned hike in Chinese import
tariffs. Lack of newsflow elsewhere (the session was particularly light on data)
helped the moves, prompting the JPY to underperform all others in G10.
-CAD had a mixed session, initially higher on the soothing of trade tensions
before slumping alongside energy markets as Trump aimed a shot across the bow of
OPEC by warning that "oil prices getting too high. OPEC, please relax". WTI and
Brent crude futures fell as much as 3.5% on the news, further fuelling stock
gains.
-US housing starts and building permits for December are due, alongside February
US consumer confidence. The RBNZ deputy governor speaks on bank capital followed
by BoE's Carney, ECB's Lane and Fed's Powell (among others).