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Narrow Ranges In Early Trade

FOREX

There has been narrow ranges observed across the G-10 space this morning, moves have had little follow through and there has been little macro news flow cross.

  • AUD/USD is a touch pressured, the pair sits above the $0.64 handle for now. Support comes in at $0.6357, low from Sep 6 and bear trigger.
  • Kiwi is marginally lower than opening level however a $0.5925/40 range has persisted thus far.
  • Yen is little changed, National CPI printed firmer than expected however there has been little spillover to FX.
  • Cross asset wise; BBDXY and E-minis are flat. US Tsy Yields are little changed.
  • The latest monetary policy decision from the BOJ is due some time today and provides the highlight of the Asian session.

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