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US Industrial Production Data, Colombian Economic Activity Due

LATAM
  • Volatile price action in the JPY followed a gradual grind higher in USD/JPY to new highs of Y149.29 - with a quick correction lower to 148.19 prompting speculation of intervention from the Japanese authorities - with a headline detailing a planned meeting between the BoJ and the FSA potentially triggering the price action. JPY weakness resumed immediately and remains within close proximity of the day’s lows.
  • Despite some sterling weakness, the dollar index is largely consolidating Monday’s drop, sitting in positive territory (0.3%) as the US trading session commences.
  • Tier one data releases are few and far between Tuesday, although some attention may be paid to industrial production data for September and the October NAHB housing market index. The central bank speakers slate is busier, with ECB's Herodotou, Makhlouf, Schnabel and Nagel on the docket as well as Fed's Bostic and Kashkari.
    • Colombian Economic Activity data for August highlights the LatAm docket.

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