ASIA-PAC FX UPDATE: DXY oscillates around 107.00 with G10s broadly flat but the JPY is the laggard
Analysis details (02:40)
In FX, DXY trades on either side of 107.00 after printing a 107.27-106.47 range on Monday with little overnight to drive price action thus far. EUR/USD and GBP/USD are also relatively flat with the former still holding onto a 1.0300-handle whilst the latter trades on either side of 1.1750. USD/JPY is modestly firmer with the JPY modestly softer as Q3 GDP printed an unexpected contraction, whilst the pair sees its 100 DMA at 140.85 today. Antipodeans are flat with the AUD unreactive to the RBA minutes which left all options open whilst the Board also released a review of its forward guidance. The CNH saw some strength after the PBoC maintained its MLF rate, although the gains then pared back in the run-up to Chinese activity data.
15 Nov 2022 - 02:39- Research Sheet- Source: Newsquawk
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