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USD: A very busy starts for FX

USD
USBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • The Dollar is in the red across the majors, lower US Yields is one of the clear driver, as they continue to fall with wider Bonds into the European session.
  • USDJPY is plummeting further, and while overnight desks have mentioned the Tokyo inflation beat overnight as a driver, a fair assessment, the bigger picture is that Yields have been the overall driver, far correlated with the USDJPY vs US 10yr Yield.
  • USDJPY has now achieved another 200 pips wide range session, but next support is now seen further out, down to 149.09 Low Oct 21.
  • The Dollar extends broader lows against CZK, NOK, SEK, JPY, EUR, GBP, AUD, NZD, ZAR, ILS, SGD, and now offers are emerging versus the CNY and CNH.
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  • The Dollar is in the red across the majors, lower US Yields is one of the clear driver, as they continue to fall with wider Bonds into the European session.
  • USDJPY is plummeting further, and while overnight desks have mentioned the Tokyo inflation beat overnight as a driver, a fair assessment, the bigger picture is that Yields have been the overall driver, far correlated with the USDJPY vs US 10yr Yield.
  • USDJPY has now achieved another 200 pips wide range session, but next support is now seen further out, down to 149.09 Low Oct 21.
  • The Dollar extends broader lows against CZK, NOK, SEK, JPY, EUR, GBP, AUD, NZD, ZAR, ILS, SGD, and now offers are emerging versus the CNY and CNH.