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JPY was the outperformer overnight, with......>

FOREX
FOREX: JPY was the outperformer overnight, with the Moritomo scandal looming
over the country's gov't. The summary of opinions from the BoJ's latest MonPol
decision offered little new content, while markets ignored the latest batch of
Japanese trade data.
- Elsewhere  commodity currencies edged lower, with the AUD sitting on key
support levels in both the AUDUSD & AUDJPY crosses, while USDCAD moved above
1.3100.
- Cable was flat at the start of a week packed full of GBP risk events, while
the EUR moved lower against the greenback & JPY, despite a glass half-full
approach adopted by ECB's Weidmann, Knot & Villeroy in comments made over the
weekend.
- US politics & trade remain at the fore, while risk events due this week
include the FOMC, BoE & RBNZ MonPol decisions, RBA meeting minutes, Aussie
labour market report & the latest EU summit re: Brexit.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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