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USDCAD TECHS

Heads North

AUDUSD TECHS

Bearish Cycle Still In Play

EURJPY TECHS

Death Cross Adding Pressure

FOREX

Risk Off Prompts Safe Haven Demand

FOREX
FOREX: USDJPY has edged higher in early dealing to sit just shy of 107.00 as
equity indices have ticked up. Focus in Japan this week will be on the Shunto
wage negotiations.
- NZDUSD has been the outperformer in the major space with NZDUSD last at 0.7310
with demand said to be coming from leveraged and offshore macro funds. Risk
events for NZD traders this week include a speech from RBNZ Gov Spencer on
Tuesday & Q4 GDP on Thursday.
- AUD is benefitting from the news that Australia will be exempt from US
tariffs, although it still lags the NZD. Confidence surveys dominate the AUD
economic docket this week, while more focus is set to fall on comments from RBA
board members Debelle, Kent & Bullock.
- EUR & GBP have edged higher vs. USD.
- CAD & CHF are largely unchanged vs. USD.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com