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Free AccessNarrow Ranges In Early Dealing
There has been a muted start across G-10 FX, ranges are narrow thus far with little follow through on moves.
- Yen is marginally firmer, however yesterday's low in USD/JPY remain intact for now. Support comes in at ¥144.17, the 20-Day EMA, and ¥143.00, low from Aug 9. Resistance is at ¥146.56 (Aug 17 high) and ¥146.93 (8 Nov 22 high).
- AUD/USD is a touch higher and sits above Wednesday's high, the pair has observed a ~10 pip range this morning. Despite the recent rally the trend outlook is bearish, support comes in at $0.6365 (low from Aug 17) and resistance is at $0.6522 (20-Day EMA).
- Kiwi is little changed, the pair was supported at $0.5970 in early trade. Bulls look to regain the $0.60 handle to target the 20-Day EMA ($0.6039).
- Elsewhere in G-10; SEK is marginally pressured however liquidity is poor in Asia and EUR is ~0.1% firmer.
- Cross asset wise; US Equity futures are firmer after Nvidias bullish revenue outlook spills over into a wider bid. E-minis are up ~0.5% and NASDAQ futures are up ~1%. BBDXY is down ~0.1% and US Tsy Yields are little changed across the curve.
- There is a thin docket for the remainder of the Asian session.
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Why MNI
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