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Showing in the red in early trade

USD
  • Although the USD is showing in the red against G10s overnight and since the EU cash Govie open, the Greenback is still in the green for the past 5 days, with the NOK the worst performer and down some 2% during that period.
  • Risk is tilted to the downside, and Tnotes (TYM3) is close to test yesterday's low at 110.20+ (higher Yield).
  • A break below the latter, opens to 110.12+.
  • Best performer for today is the Yen, up 0.47%, and USDJPY eye yesterday's low at 136.48 initially.
  • A clear break below the latter, opens to 136.17.

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