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USD Index Holds Beneath 200-Day MA, USD/JPY Back To Late August Lows

FOREX

The USD has remained on the back foot for much of the session. The BBDXY index, currently sub 1264.00, remains below its 200-day MA (1266.36).

  • Risk-on signals have been evident in the equity and commodity space, although JPY is the standout performer within G10.
  • USD/JPY is down over 1.3%, last near 136.30, fresh lows for the session and levels last seen in late August. Domestic data has been mixed, while the BoJ's Noguchi hasn't broken new ground relative to other recent BoJ commentary.
  • AUD/USD is firmer, up to 0.6815, +0.40% for the session. The pair shrugged off a weak Q3 CAPEX result.
  • NZD has outperformed, up 0.60% to 0.6335. The AUD/NZD cross has remained heavy but found support around the 1.0750 level.
  • EUR (1.0445) and GBP (1.2100) are both up around 0.35% for the session so far.
  • There are European and US November manufacturing PMI/ISM data later. There is also some Fed speak and US consumption and jobless claims data.
Energy BulletsCommodities
Energy BulletsCommodities

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