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FOREX: Post-JOLTS USD Weakness Persists Through WMR Fix

FOREX

Post-JOLTS weakness persisting well into the London close, with USD/JPY close to the day's lows headed through the London WMR fix. A close at current or lower levels brings first firm support at 143.45 into play - while the bear trigger of 141.70 is out of reach for now.

  • Oil markets see somewhat short-lived support on the Bloomberg headline covering similar themes on OPEC+, although their reporting may suggest OPEC+ is creeping closer to a deal on delaying an output hike. Brent and WTI prices added just over $1/bbl apiece on the headline, although prices have faded back into negative territory in recent trade.
  • JPY is now comfortably the best performer in G10, with USD the weakest despite holding onto gains for much of the European morning. A weaker USD close today would be the first in six sessions, and snap the mini-recovery posted off the mid-August lows.
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