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Extending broader lows

USD
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  • The Dollar was trading in the red overnight, lower Yields and the Risk On tone have kept the pressure on the Greenback as Market Participants speculate on the size of the Fed cut, 25bps vs 50bps.
  • The Yen was and is still is the best performer across the Majors, led by Yields, now up 0.50%, but some ~10 pips off its best level against the Greenback.
  • USDJPY has managed to clear the December low that was situated at 140.25, but has lacked momentum below the 140.00 figure, only managing a 139.96 low for now.
  • Next immediate support is seen at 139.87 1.236 proj of the Aug 15 - 26 - Sep 3 price swing.
  • The Dollar now tests intraday lows against the EUR, GBP, PLN, ZAR, HKD, PHP, SEK, NOK.
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  • The Dollar was trading in the red overnight, lower Yields and the Risk On tone have kept the pressure on the Greenback as Market Participants speculate on the size of the Fed cut, 25bps vs 50bps.
  • The Yen was and is still is the best performer across the Majors, led by Yields, now up 0.50%, but some ~10 pips off its best level against the Greenback.
  • USDJPY has managed to clear the December low that was situated at 140.25, but has lacked momentum below the 140.00 figure, only managing a 139.96 low for now.
  • Next immediate support is seen at 139.87 1.236 proj of the Aug 15 - 26 - Sep 3 price swing.
  • The Dollar now tests intraday lows against the EUR, GBP, PLN, ZAR, HKD, PHP, SEK, NOK.