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Narrow Ranges In Asia, NFP In View


TYZ3 deals at 110-29, -0-04, a 0-04+ range has been observed on volume of ~62k.

  • Cash tsys sit little changed across the major benchmarks.
  • Tsys firmed off session lows alongside pressure on the USD after the PBOC cut the forex reserve requirement ratio by 2ppts.
  • The move didn't follow through, perhaps the proximity to the NFP limited activity, and tsys dealt in a narrow range for the remainder of the session.
  • The highlight of today's session is the August NFP print, the MNI preview is here. ISM Mfg also crosses.
  • Fedspeak from Atlanta Fed President Bostic and Cleveland Fed President Mester is also due.

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