- Australian markets closed for Australia day holiday
- New marginal record high for the Yuan
- Japan Dec CSPI -1.3% YoY
- Mixed results on regional stockmarkets: Nikkei and HK -0.5%, Shanghai and Seoul +0.5%
- Gold $1334/oz, Oil $86.50/bbl
There has been very little movement of note with most of the major pairings still sitting near their NY closing levels. There was no movement whatsoever pre-Tokyo with Australia on holiday but cable fell sharply immediately on the Tokyo open as Japanese traders reacted to the poor GDP data from yesterday. Cable fell from 1.5820 to 1.5780 but the market did not have the momentum to challenge overnight lows. USD shorts were also wary ahead of the US Presidential address but nothing of note emerged there. Ranges: Cable 1.5778/1.5826, EUR/GBP .8643/63
EUR/USD fell modestly in early trade alongside the cable but interest was almost non-existent and we rebounded straight to the opening level. Ranges: 1.3662/1.3701
AUD/USD traded .9945/85 and USD/JPY 82.01/28.
