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JPY and EUR outperforms

FOREX
  • The USD benefit from safer haven demand overnight and in early European trade, as Equities gaped lower overnight, on China concerns.
  • The standout is the Yen, with the latter up 1.09% so far today, on safer haven interest.
  • The USD is now more mixed in G10 at the time of typing, albeit mostly in the red, still holding some gains against the AUD, CAD and NZD.
  • The EUR is performing well so far today, in the green against all G10, besides the Yen.
  • The currency leads versus the AUD, up 1.37% on the session.
  • EURAUD sees 1.56508, the November high, as the initial resistance.
  • EURUSD tested immediate resistance 1.0479 High Nov 15, printing a 1.0482 high at the time of typing.
  • Looking ahead, there's no tier 1 data today, but some speakers are scheduled, including ECB Knot, Lagarde, Nagel, US Fed Williams, Bullard.
  • ALL EYES are on the data releases this week, with EU prelim CPIs and US NFP/AHE to end the week.
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