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NZD Weakness, Yen Strength Reverse As Asia Pac Session Progresses

FOREX

Early Asia Pac FX moves for Thursday have reversed somewhat. NZD/USD has recouped most of its post Q3 GDP miss losses. From lows at 0.6170 we now sit back at 0.6190/95, versus pre GDP levels just above 0.6200. USD/JPY has also stabilized. We got to fresh lows of 142.10 but now sit back near 142.85. This is only down modestly on Wednesday NY closing levels.

  • Early cross asset moves have seen US equity futures modestly higher +0.20% to +0.25% across Eminis and Nasdaq futures. US bond futures are just off recent highs.
  • The BBDXY sits near 1230.75, still marginally above post FOMC lows.
  • Coming up soon we have AU employment data as the main Asia Pac focus point.
  • FX moves elsewhere are fairly muted, albeit with most pairs firmer against the USD. AUD/USD last near 0.6665/70, ERU/USD around 1.0885.
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