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There was one topic in focus overnight, a.....>

FOREX
FOREX: There was one topic in focus overnight, a U.S. strike on a handful of
Iranian-linked personnel in Iraq, including Qasem Soleimani, an Iranian Major
general in the IRGC & commander of its Quds Force, who died at the scene. The
IRGC has vowed "vigorous revenge" against the attack. The move took its time to
fully filter through into markets and seems to be a response to the goings on
surrounding the U.S. Embassy in Baghdad, Iraq, earlier this week. The attack was
seemingly "teed up" by US. Sec of Defence Esper's speech on Thursday.
- JPY was the major beneficiary within G10 FX, closely followed by the other G10
safe-haven, the CHF. Y108.00 limited USD/JPY's sell off, with the rate printing
back around Y108.20 last, still a healthy ~40 pips or so lower on the day.
- The Antipodeans struggled, with CAD's losses perhaps a little tempered by the
surge in oil prices.
- Eurozone inflation data is front & centre Friday, with CPI due from Germany &
France. Across the pond, December's U.S. ISM m'fing survey & the FOMC minutes
from the Dec meeting are due. Fedspeak also returns, with Brainard, Barkin,
Evans, Kaplan & Daly all due up.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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