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Yen Pressured In Early Dealing On Monday

FOREX

USD/JPY has risen ~0.3% on Monday, Japan markets have returned from a 3 day break. Post NFP highs have been breached and USD/JPY sits a touch above the 135 handle.

  • The next topside resistance for USD/JPY is 136.63 high from May 3. On the wires shortly we have the final print of Jibun Bank Services & Composite PMI.
  • AUD is a touch firmer this morning, however Friday's highs remain intact with little follow through on moves thus far. On the wires this morning we have the April NAB Business Survey and March Building Approvals.
  • Kiwi is the best performer in the G-10 space at the margins. NZD/USD is above the $0.62 handle and is up ~0.2%.
  • Elsewhere in G-10 ranges have been narrow with little follow through.
  • Cross asset wise; e-minis are a touch lower and BBDXY is flat. US Treasury Yields are marginally firmer across the curve.
  • There is a thin data calendar today, German Industrial production provides the highlight.
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