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Equities Dip Lends Support


MPC Meeting Minutes Released


Australia Q1 Wage Price Index Up 0.6% Q/Q



FOREX: USD/JPY closing in on 200-dma
-The greenback clawed back lost ground late in the session as US equities pulled
sharply of the day's highs (although the risk-off equity moves were hardly
evident in USD/JPY, which continued its day-long rally) on a tweet from US
lawmaker Marco Rubio, who outlined plans to tax stock buybacks similarly to
dividends. This helped press GBP/USD and EUR/USD to the day's lows ahead of the
close of the session.
-The midday (1200GMT) fix wreaked havoc for GBP/USD, which surged just shy of a
point on little newsflow, coinciding with a volume surge in GBP/USD futures
which saw close to Gbp150mln in contracts traded inside 60 seconds. The spike
was short-lived, however, with the rate pulling comfortably back below the $1.29
mark. Rate decisions from both the Swedish Riksbank and the RBNZ proved positive
for their respective currencies, with the SEK and NZD holding gains against most
others throughout the day.
-Japanese & German GDP, US PPI & retail sales are the calendar highlights