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Steady Start
There has been a steady start across G-10 FX this morning, ranges are narrow with little follow through on moves thus far. Cross asset flows are muted, with US Equity futures unchanged and US Tsys Yields ~1bp lower.
- Yen is a touch lower morning, USD/JPY sits on the ¥144 handle as some of the losses seen in the pair in the NY session yesterday are trimmed. Resistance is at ¥145.26 76.4% retracement of the Dec 11 - 14 sell-off. Support comes in at ¥142.25 Dec 19 low.
- AUD/USD is little changed this morning dealing in a $0.6755/65 range. November Westpac Leading Index printed at 0.07%, the prior read was -0.03%.
- Kiwi is touch lower after briefly dealing above yesterday's highs printing a fresh 5-month high.
- Elsewhere in G10 BBDXY is a touch firmer, EUR and GBP are ~0.1% lower.
- There is a thin docket for the remainder of the Asia-Pac session today.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.