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JPY and CHF outperform

USD
  • G10 FX has mostly seen some limited ranges in the most traded pair, EURUSD in 38 pips.
  • Cable is also trading in 36 pips range given the holidays.
  • Two currencies stand out today, the Yen and the Swissy, with both extending decent gains across the board.
  • USDJPY trades in over 100 pips range, and is testing the immediate next support of 140.71 at the time of typing, so far printed a 140.68 low.
  • The Yen is up against all the major, besides the CHF, and leads against the AUD, up 0.98%.
  • USDCHF has plummeted through new multi year low, lowest level since 2015, and now targets the next support seen at 0.8300.
  • AUD has also been under broader pressure in early trade, with the Currency taking is cue from the lower Equities, although the latter are still within yesterday's ranges.
  • Looking ahead, US Data include IJC and prelim Wholesales Inventories.
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