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USD Trims Wednesday's Gain

FOREX

The greenback has trimmed some of Wednesday's gain in Asia today, the risk-off move seen in the NY session has moderated. US Equities are higher and US Tsys a touch lower.

  • The Yen is the strongest performer in the G-10 space today as post BOJ losses continue to be trimmed, USD/JPY is ~0.5% lower and sits below the ¥143 handle. The pair does remain well within recent ranges. Technically support comes in at ¥142.25 Low Dec 19, resistance is at ¥145.26 76.4% retracement of the Dec 11 - 14 sell-off.
  • AUD/USD is up ~0.3%, the pair last prints at $0.6750/55. Technically the uptrend remains intact, resistance is at $0.6776 High Dec 20 and $0.6821 High Jul 27. Support comes in at $0.6655 Low Dec 14.
  • AUD/NZD has firmed above the $1.08 handle as Trans-Tasman technical flows come to the fore. NZD/USD has observed narrow ranges for the most part and is a touch firmer than opening levels.
  • Elsewhere in G-10 there have been no moves of note in Asia.
  • The docket is thin in Europe today.

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