Trial now
SOY TECHS

(N1) Bulls Still In Charge

BOE

Press Conference Begins

COPPER TECHS

(N1) Still Heading North

FOREX
FOREX: There was little in the way of notable FX flow during the session, ahead
of the much awaited U.S. NFP release later today.
- USD/JPY trades at unch. levels ~Y113.90, backing off after the Tokyo fix,
following a move up to Y114.10 on the first Go-tobi day of the month, as a heavy
Nikkei 225 added weight. EUR/JPY failed to breach Y131.00, with the 200-DMA
lingering just below the figure (Y130.96), following a false break Thursday.
- AUD & NZD have been the underperformers yet again, hovering at/around their
respective fresh YTD lows vs. USD as they remain under pressure. AUD/USD had
edged away from session/YTD lows post-AU retail sales (modest beat 0.3% M/M vs.
exp. 0.2%), before fading to a fresh marginal low as recovery efforts continue
to hold shallow. Elsewhere there was little reaction in AUD to comments from
RBA's Heath, who focused on theoretical aspects of the labour market. The
psychological $0.7000 level remains in play for AUD/USD bears, which is reported
to hold option-related support, while NZD/USD bears look to February 02 2016 low
($0.6462) as the next notable area of support.
- Attention shifts to U.S. NFPs, as well as various ECB & Fed speakers Friday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com