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USD Marginally Firmer In Muted Asian Session

FOREX

The USD is marginally firmer in Asia, albeit narrow ranges have been observed across G-10 FX. US Tsy Yields have nudged higher, the 10YY printed a fresh cycle high, and US Equity Futures are lower.

  • AUD/USD is down ~0.1%, however a $0.6415/30 range has been observed. The trend condition remains bearish, support comes in at $0.6357, low from Sep 6 and bear trigger. Resistance is at $0.6502, 50-Day EMA.
  • Kiwi is little changed from opening levels. NZ Tsy Noted that GDP growth will remain subdued for a long time, also saying that the path to lower inflation is unlikely to be smooth.
  • Yen sits a touch below the ¥149 handle, there has been no follow through on moves today. The trend continues to be bullish, resistance comes in at ¥149.10, High from Oct 25 2022, and ¥147.71, high from Oct 24 2022. Support is at ¥147.12, the 20-Day EMA.
  • Elsewhere in G-10 EUR and GBP are a touch pressured.
  • There is a thin docket in Europe today, ECB speak from Lane is the highlight.
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