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Greenback Marginally Firmer, Narrow Ranges In Asia


The USD is a touch firmer in Asia however ranges have been narrow and there has been little follow through on moves thus far. BBDXY is up ~0.1%. Oil and Gold have ticked lower alongside US Tsys as escalation fears in the Middle East softened. US Equity Future are firmer.

  • USD/JPY printed a high at ¥150.11 in early dealing amid thin liquidity before paring gains to sit unchanged from Friday's closing levels at ¥149.90/95. Technically the outlook remains bullish, resistance sits at ¥150.16, Oct 3 high and bull trigger. Support comes in at ¥149.08 the 20-Day EMA.
  • AUD is little changed from opening level, AUD/USD prints at $0.6310/15. Q3 CPI on Wednesday is in focus with the RBA closely watching the release. The trend for AUD/USD is bearish, support comes in at $0.6286 which is the bear trigger. Resistance is at $0.6393, high from Oct 18.
  • Kiwi is dealing in narrow ranges and is a touch below from Friday's closing level. A $0.5820/30 range has been observed today.
  • Elsewhere in G-10 CHF is down ~0.3%, however liquidity is generally poor in Asia.
  • The data docket is thin on Monday.

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