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ASIA

Coming up in the Asia-Pac session on Friday:

MNI

Coming up in the Asia-Pac session on Friday:

USDCAD TECHS

Retracement Mode

AUDUSD TECHS

Bounce Needs to Hold

US TSYS

Improved Risk Appetite Holding

DOLLAR-YEN
DOLLAR-YEN: USD/JPY shed 7 pips, last deals at Y106.57 after sticking to an 18
pip range through a rather uneventful Asia-Pac session for the yen.
- The only notable move came in the way of a brief leg lower, driven by a round
of light risk-off flows as APRA strengthened its regulations to combat contagion
risk within banking groups.
- Bears eye the 100-HMA at Y106.25, followed by the Y106.00 barrier. Bulls look
for a break above the 76.4% fibo retracement of the YtD range, located at
Y106.65. Above there would turn focus to the Aug 13 high of Y106.98.
- Nikkei published a sources piece suggesting that Berkshire Hathaway may issue
JPY denominated paper in September.
- Japanese Jibun Bank m'fing PMI hits on Thursday, CPI figures are due on
Friday.