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Libyan Crude Flows to Europe Sinking


(U2)‌‌ Corrective Cycle Still In Play


EU H2-22 funding plan


Equities are extending gains


1/3/6-month UKTBs

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YEN: JPY crosses continue to edge lower on the day, with the Nikkei 225
finishing the morning session 0.5% lower.
- Risk factors include U.S. Trade Rep Lighthizer playing down a risk-positive
story relating to Chinese trade matters late Thursday, denying the story, while
U.S. admin official Wilbur Ross noted that he still expects 25% tariffs to go
into play on China in January. This comes after RTRS reports pointed to U.S.
officials not expecting much in the way of concrete decisions at the upcoming
meeting between U.S. President Trump & his Chinese counterpart Xi.
- Elsewhere reports noted that North Korea has conducted a new secret missile
- USD/JPY last 30 pips lower at lows of Y113.34. Bears need a break below the
21-DMA/yesterday's low at Y113.11/10 before trying to move below Y113.00.
- EUR/JPY 25 pips lower at Y128.50, bears eye Y128.00, and a break below would
open up yesterday's low at Y127.77.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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