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Free AccessUSD Trims Wednesday's Gain
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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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.