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USDJPY TECHS

Support Remains Exposed

US TSY FUTURES

Poised to Extend Midday Lows

EURGBP TECHS

Recovery Holds For Now

EURGBP TECHS

Recovery Holds For Now

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USD/MYR extends gains amid broader risk-off impetus outlined in earlier bullets. The rate has added 43 pips and changes hands at MYR4.2340, hitting fresh three-month highs.

  • Bulls set their sights on MYR4.2450, which represents the recent cycle high printed on Aug 18. Bears look for a pullback under Sep 30 high of MYR4.1970 towards the 100-DMA at MYR4.1860.
  • Monthly CPI provides the main point of note on Malaysia's docket today. Consensus expects that headline inflation picked up to +2.8% Y/Y in Oct from +2.2% in the previous month.