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USD Edges Down, But Tight Ranges Overall

FOREX

Overall FX moves are muted in the first part of Wednesday trade. The BBDXY sits down a touch versus end NY levels from Tuesday, last near 1221.20.

  • We did see some light USD strength earlier as US Tsy futures ticked down, but there was no follow through. USD/JPY got to highs of 142.18, but now sits back near 142.95 little changed for the session. US equity futures have been flat in the first part of trade.
  • AUD/USD is a touch above end Tuesday levels, last near 0.6770, while NZD/USD is around 0.6255, also up a touch.
  • There is little in the way of economic data/event risks during today's Asia Pac time zone, which will leave markets on headline watch. A reminder that Japan markets remain out, returning tomorrow.

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