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Remains Bearish Inside Its Bear Channel

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In the green against G10s

USD
  • The British Pound is still the worst early performer against the Greenback, albeit off its worst level, and trading in 51 pips range for Cable.
  • Market participants await the mini budget.
  • Best early performer is the Yen, but by just 0.13%, with Japan closed for a public holiday.
  • Support for USDJPY moves up to 141.66, while resistance comes at 143.13, very short term 50% retrace of yesterday's fall, following the BoJ's intervention.
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  • The British Pound is still the worst early performer against the Greenback, albeit off its worst level, and trading in 51 pips range for Cable.
  • Market participants await the mini budget.
  • Best early performer is the Yen, but by just 0.13%, with Japan closed for a public holiday.
  • Support for USDJPY moves up to 141.66, while resistance comes at 143.13, very short term 50% retrace of yesterday's fall, following the BoJ's intervention.