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In the green going into the European session.

USD
  • The Greenback is on the front foot, despite the push lower in Yield and the Risk On tone post US NFP Friday.
  • Going into the European session, the USD is mostly in positive territory across the majors, while the Yen is again at the forefront, with a 79 pips range overnight, as the Yen pares further gains, aided by Japan's Kanda saying overnight that the Government doesn't need to intervene if the markets are orderly, while reiterating it will take action if FX moves are too rapid.
  • Despite the moves in the Yen, the Aussie is the worst early performer following the less than Hawkish RBA, down 0.54%, and exchanging hands at its intraday low of 0.6587.
  • Next support in AUDUSD is seen further out, down to 0.6527 50-day EMA.
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