Having broken above the NFP reaction high.....>

FOREX: Having broken above the NFP reaction high of $1.1611, EUR/USD is said to

be meeting decent resistance at the $1.1620 level.

- AUD had little to no reaction to comments from RBA Governor Lowe, as he stuck

to script. Lowe noted that he exp. the next move in the cash rate will be

higher, and that he sees no strong case for a near term adjustment. The most

interesting point probably claim on inflation, as he noted that he expects CPI

to be close to 2.5% by 2020, the most recent SOMP, which ran through to June

2020, had CPI. exp. at 2.25% at the end of the forecast range. Elsewhere Lowe

pointed to elevated vacancies equating to a tighter labour market.

- NZD benefitted from the uptick in the RBNZ's 2-Year inflation exp. metric,

which rose to 2.04% in Q3 from 2.01% in Q2. NZD/USD has added 20 or so pips to

have a look above $0.6750, with initial resistance at Tuesday's high ($0.6756),

AUD/NZD threatening a downside break of NZ$1.1000.

- The JPY crosses stuck to tight ranges.

- Focus now turns to comments from Fed's Barkin later today, and the RBNZ MonPol

decision late Wednesday U.S. time, early Thursday Asia time.