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-JPY was comfortably the strongest in G10.....>

FOREX
FOREX: -JPY was comfortably the strongest in G10 Tuesday as the risk-off theme
that emerged throughout Asia extended throughout the European and US trading
days. After Japanese, Chinese and Hong Kong equity markets fell as much as 3%,
mainland Europe and US indices followed suit, prompting the S&P500 to touch the
lowest level since May with all sectors in the red. This fuelled USD/JPY losses
and brought the pair into close proximity to up trendline support at Y111.95 - a
level that will likely continue to garner focus.
-DXY was relatively directionless, allowing GBP to rise modestly thanks to
positive Brexit headlines (RTE reported the EU may offer a UK-wide customs
arrangement), but the GBP/USD topped out at $1.3044 before fading.
-AUD remained weak and traded within 15 pips of the year's lows against the USD.
Further China market turmoil could prompt the pair to show below $0.7043 for the
first time since 2016.
-Rate decisions from the Riksbank and Bank of Canada are due as well as prelim
October EZ and US PMI data. Fed also release the latest Beige Book.

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