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Paring gains going into the US session

USD
  • After being in the green across the board, following the early Risk Off tone and higher Yields, the Dollar is now more mixed against G10s, after Equities and Govie futures recover from their lows.
  • The yen had a brief small bid following Japan Suzhki's comment, but USDJPY continues to unwind Suzuki's earlier headline: "Watching FX moves with high sense of urgency", now back at the 149.00 handle.
  • Resistance noted at 149.10 High Oct 25 2022, has held, although did print a 149.19 high.
  • Further out, sees 149.71 High Oct 24 2022, but the whole world is watching the big Psychological 150.00.
  • The SEK is the best performer and looking to test the 11.00 support after USDSEK traded as high as 11.1022 earlier.
  • EURUSD has seen a two way price action, initially falling on the USD bid, but now back at 1.0600 at the time of typing.
  • There's 1.56bn worth of option expiry at 1.0600 in EURUSD for today.
  • Looking ahead, there's no tier 1 data for today.
  • Speakers, include Riksbank Jansson, ECB Holzmann, and Fed Bowman.
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