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In the red ahead of the key Data

USD
  • The Dollar is on the back foot across G10, overnight and into the EU Cash Govie open, as market participants await the Key US Inflation data today.
  • Lower Yield, and Risk is still on, US Emini trades at its highest level since August, with next upside target at 4700.00.
  • For Estoxx, VGH4 continues to trade at contract highs.
  • The Yen and the Kiwi were in the lead overnight and still leading into the European session, now up 0.56% respectively.
  • Desks will look for resistance at 0.6193, followed by 0.6223 in NZDUSD.
  • Support in USD/JPY is at 144.78 Low Dec 11.

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