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AUSSIE 3-YEAR TECHS

(Z1) Sell-Off Abates

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YM At The Fore Into CPI

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US: Biden Pledges USD100mn In Funding To ASEAN

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USD/JPY held to a narrow 20-pip range as Tokyo participants returned after Thursday's holiday, last dealing 13 pips higher on the day at Y110.46, which represents technical resistance in the form of the August 13 high. A clean break above here would expose key resistance at the August 11 high (Y110.80). To the downside, short-term support remains unchanged at the Aug 16/Sep 15 low (Y109.11).

  • Japanese news flow continues to be headlined by the political and COVID situations in the country, although these haven't had anything in the way of notable market impact in recent weeks. Broader risk sentiment and Tsy yield dynamics will continue to dominate the direction of the pair.