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Muted Start, Aussie Jobs Data Due Shortly

FOREX

There has been a muted start across G-10 FX, ranges have been narrow with little follow through on moves.

  • Yen is a touch firmer and is the strongest performer in G-10 this morning. USD/JPY is ~0.1% and has ticked away from the ¥150 handle. Resistance in USD/JPY remains at ¥150.16, Oct 3 high and bull trigger. Support is at the 20-Day EMA (¥148.74).
  • AUD/USD is little changed and a narrow $0.6330/40 rnage is persisting. Technically the trend outlook is bearish, the pair is supported at $0.6286 low from Oct 3. Resistance is at $0.6445, high from Oct 11.
  • Kiwi is also flat and is observing a narrow range, AUD/NZD has ticked away from the 200-Day EMA and is a touch lower.
  • Cross asset wise; US Tsy Yields are a touch firmer, BBDXY is lower. US Equity futures have trimmed some of yesterdays losses.
  • On the wires at the bottom of the hour is the Australia Labour Market Report for September, a 20k rise is expected with the unemployment rate steady at 3.7%
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