January 24, 2023 07:33 GMT
In the red against G10 into the EU Govie open
USD
- The USD remains in the red against G10s, and has been for the past 5 days, with the SEK up 2.05% and the best performer for that period.
- Although the Yen is up overnight and this morning, the Currency is still down 1.51% versus the Greenback for that same period.
- Risk On tone on the hope of a less aggressive rate hike path from the Fed, has been the main driver.
- The Yen is the best performer in early trade, up 0.52% and testing the 130.00 handle, but trading circa yesterday's mid range.
- Support would be seen further out, at the 129.15/129.04 area.
- GBP, AUD, and EUR also test session lows against the JPY in early trade.
112 words