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Steady Start

FOREX

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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