April 25, 2024 00:44 GMT
G10 Trends Muted With Aust & NZ Out
FOREX
FX markets are off to a steady start in the G10 space, the BBDXY little changed from end NY levels on Wednesday, last near 1261.
- A reminder that Aust and NZ markets are closed today for the ANZAC public holiday, which is likely curtailing liquidity to a degree. AUD/USD at 0.6500/05 and NZD/USD around 0.5940 are both a touch firmer than NY closing levels.
- This comes despite a negative US equity futures lead, as Meta earnings disappointed late in US trade. Nasdaq futures are off a little over 1%. US yields are closed to unchanged in early dealings.
- USD/JPY is little changed, last in 155.30/35 region. Earlier FinMin Suzuki refrained from commenting to reporters (per BBG), with FX intervention risks in focus given the overnight breach of 155.00.
- Data flow is light today, with just some second tier Japan releases later on.
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