USD/JPY capped below key 123.00 yen level

Posted On 30 Nov 2015

Currency Summaries
JPY
• USD/JPY capped well ahead of 123.00 on soggy US yields, soggy Nikkei.
• 122.87 early high to 122.69, offers thick @123.00, some stops above.
• Bids as thick from @122.50, trail down, key support 20-30, stops below.
• EUR/JPY 130.10 to 129.82, 126 targeted, GBP/JPY 184.75 to 184.30.
• AUD/JPY 88.38 to 88.02, bounce, NZD/JPY 80.25 to 79.97 and then 80.30.

EUR
• EUR/USD opens Asia at 1.0592, USD strong in shortened US session Friday.
• USD mostly bid in Asia morning as commodity futures fell back.
• 1.0597 to 1.0570, option-related bids near low, sentiment still bearish.
• EUR/USD bear plays still, options-related bids to 1.0500.
• Expectations for aggressive ECB ease Thursday.

GBP
• Cable from 1.5049 to 1.5015 in Asia, fresh 7-month low, April low 1.4567.
• EUR/GBP steady, 0.7037-46 in Asia.

CHF
• USD/CHF steady on higher plane, Asia 1.0296-1.0313, SNB ease view.
• EUR/CHF steady to bid, Asia 1.0900-15.

AUD
• AUD/USD opens Asia at 0.7196, down from 0.7199 to 0.7171, then bounces.
• USD/AXJ strength, China concerns weigh, RMB SDR inclusion supportive.
• Down bias limited by big, 0.7200 strike option expiries, A$2.291 bln.

NZD
• NZD/USD NY close Friday 0.6535, Asia to 0.6515 then bounce to 0.6544.
• Core 0.6500-0.6600 range persists, local data ignored.
• AUD/NZD push down supportive, cross 1.1016 to 1.0980.
• USD demand eyed at tonight’s month-end London fix

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Source:: USD/JPY capped below key 123.00 yen level

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