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FOREX: JPY underperformed overnight, with USDJPY moving back above 106.50 as
political issues continue to hang over Japan. The swings in the JPY seemed to be
based on the fortunes of the Nikkei 225, as the pair moved to session highs
after the index moved in to the green.
- Elsewhere the NZD outperformed on the back of today's 2029 bond syndication,
as demand was over 2 times what was expected, largely coming in the form of
- GBP, EUR, AUD, CAD & CHF all operated in narrow ranges vs. the greenback.
- Traders await Tuesday's US CPI release, with another thin docket apparent in