- USD/JPY: Major hedge funds bail out of fresh long positions; although a narrow range today the USD/JPY is not showing signs of a recovery at the moment. We may have to wait not only to see if any (unlikely) action comes into play but also for the outcome of the leadership challenge
- BOJ policy meeting today and tomorrow is likely to yield more rhetoric tomorrow at the close of the meeting
- Australian Election result nearing conclusion with labour looking the likely contender to hold government and commence a precarious new term relying on Greens and Independents
- Australian RBA likely to leave rates on hold tomorrow
- Asset sell-off to affect Japanese financial markets
- UK manufacturing output rises sharply
- Australia ANZ August Jobs Ads +2.6% MoM Seasonally Adjusted vs 1.30% in July
- Australia TD – August M1 Inflation +0.20% MoM, 3.00% YoY
EUR/USD ranged 1.2871/1.2903 ( the early asia high took out the 1.2900 barrier which had been protected in late US trade on friday; the EUR trades at 1.2895 after Tokyo lunch and the way is open for a test higher in Europe; EUR/JPY ranged 108.43/91 EUR/GBP 83.30/58
USD/JPY 82.12/50 with most of the session in the 30s CABLE 1.5427/79 currently trading at the high of the day USD/CHF 1.0152/84
AUD/USD 0.9141/75 and AUD/JPY 76.93/77.40
GOLD $1248.60 and OIL (Light Crude – October) $74.27
