EUR/USD remains above 1.12, USD/JPY below 120.00

JPY
• USD/JPY traded between 119.84-120.12
• 120.36-71 Ichimoku cloud helps cap USD/JPY topside.
• EUR/JPY 134.74-135.01, GBP/JPY 183.43-92, high yesterday 184.03.
• AUD/JPY 86.63 to 86.01, NZD/JPY 79.01-58, yesterday highs 86.89, 79.81.
• BoJ held fire on Thursday but could still ease on Oct 30 if data weak.

EUR
• EUR/USD opened at 1.1238, remains steady despite weak German IP.
• Pair was quiet in Asia, range 1.1234-60, some support from EUR/USD buys on S&P fall.
• EUR/AUD 1.5574 to 1.5705, tracks away from 1.5509 low yesterday.
• EUR/USD remains range-bound, support 1.1140-80, resistance 1.1310-20.

GBP
• GBP/USD moves away from 1.5340 high yesterday.
• Off from 1.5321 to 1.5302 in Asia, holding just under 1.5321 200-day moving average
• EUR/GBP on bounce from o/n 0.7333 low, Asia 0.7337 to 0.7353.
• Cable, EUR/GBP could go either way going forward, BoE in focus later.

CHF
• USD/CHF on back foot, off modestly from 0.9739 to 0.9722.
• High yesterday 0.9740
• EUR/CHF remains bid after rally yesterday, Asia 1.0939-47.

AUD
• AUD/USD opened in Asia at 0.7209, trades off from 0.7216 to 0.7165.
• Profit-taking by longs cited, AUD/NZD sales too, 1.0903 to 1.0871

NZD
• Recent NZD outperformance eroded, risk pared, NZD/USD 0.6630 to 0.6586.
• Push up early, falters at high as bids fade, high overnight 0.6647.
• Profit taking by recent longs cited, also evident in AUD.
• Support eyed @0.6580, then @0.6535, 0.6538 Thursday base.

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Source:: EUR/USD remains above 1.12, USD/JPY below 120.00

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