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The Yen remains in focus

USD
  • FX sees the Dollar still printing broader intraday highs as Europe joins the session, now against the THB, CAD, ZAR, SGD, SEK, AUD, and SEK.
  • Market participants are keeping a close eye on the Yen, after the USDJPY saw a breakout back above 158.00, but has now retraced 10 pips off its printed 158.26 high, just ahead of the next resistance seen at 158.44 initially.
  • As such, no surprises in the seeing the Yen as the worst early performer, down 0.72%.
  • Despite printing broader highs in early trade, the Greenback is still closer to flat versus the CAD, SEK, EUR, CHF and NOK so far today.

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