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In the green going into the European session

USD
  • The Dollar is on the front foot this morning and leading against the Kiwi, up 0.80% going into the European Bond cash open, and surprisingly, the Aussie is only the 2nd worst performer, despite the fall in Inflation overnight for Australia.
  • The Aussie has recovered from it lows and trades at mid range against the Dollar, while fully recovering versus the Kiwi, to now traded above Yesterday's high in AUDNZD.
  • Initial resistance in AUDNZD is at 1.0897.
  • Focus remains on the Yen, and although it might be showing a touch in the Green against the Dollar, the USDJPY is still close to Yesterday's high at 144.17, and as noted, there isn't much in terms of technical until the 145.10 area..
  • Another chart to watch is the GBPJPY, but off its best overnight level in early European trade.
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