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Greenback Finds Poise, Driving USD/JPY Tad Higher


The greenback has regained poise, albeit its gains have been fairly slim thus far, with the U.S. dollar index (BBDXY) edging higher from the off. Marginal bear flattening has contributed to USD weakness, although e-mini futures have trimmed initial losses.

  • Spot USD/JPY has added 22 pips so far, slowly chewing into yesterday's losses. The rate is struggling to test the Y136.00 mark.
  • Price action across G10 FX space has been mixed, volatility has been limited amid light headline flow.
  • Financial markets in Hong Kong are shut in observance of a public holiday, sapping regional liquidity.
  • Manufacturing PMI readings from across the globe (including Caixin M'fing PMI) will keep hitting the wires today. Central bank speaker slate features ECB's de Cos & Panetta.

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