Trial now
USDCAD TECHS

Pullback Considered Corrective

AUDUSD TECHS

Holding Above Recent Lows

US EURODLR OPTIONS

BLOCK, Large 3Y Midcurve Put Condor

DOLLAR-YEN
DOLLAR-YEN: USD/JPY had a brief look below Friday's low in early trade, printing
at Y110.30, but last trades back around unchanged levels circa Y110.45. A
broader uptick in risk appetite has somewhat expectedly capped the yen.
- BOJ Governor Kuroda took to the wires in early dealing and maintained his
optimistic growth and inflation outlook for Japan's economy, while highlighting
that the most recent survey conducted by the Bank showed that business sentiment
was hit by rising costs and uncertainty over the impact of U.S. trade disputes
on global demand.
- Topside hesitation in the pair is a concern, with Y111.39-112.04 where the May
highs are noted remaining key. Bears now need a close below Y110.13 (200-DMA) to
gain breathing room and below Y109.90 (55-DMA) to confirm a break of Y110.27
(bull channel base off 2018 lows).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com