HALISTER1: INSIDE G-10: AUD, GBP Rise, JPY Whipsawed; U.K. Campaign Pauses

INSIDE G-10: AUD, GBP Rise, JPY Whipsawed; U.K. Campaign Pauses

(Bloomberg) -- USD declines vs most G-10 peers amid reduced liquidity following yesterday’s wild swings; Japan’s MOF, BOJ and FSA met to discuss FX.
  • U.K. campaign suspended after lawmaker murder
  • USD/JPY -0.02% to 104.24 vs 104.13-104.83 range
    • Retail accounts are paring intraday USD short positions near 104.15, trader says
    • Japanese exporters lower USD/JPY offers to get some hedging done ahead of U.K. referendum: trader
    • Leveraged and small hedge funds seen paring long yen- cross positions in early session, trader says
    • Top currency official Asakawa says FX situation discussed with BOJ, FSA officials
    • FM Aso says he is very concerned about one-sided, abrupt, speculative currency movements
  • AUD/USD +0.23% to 0.7380 vs 0.7361-0.7404 range
    • AUD/USD buying led by global macro funds, partly covering shorts established on slide toward 0.7290 yesterday, trader says
    • AUD/JPY selling of around AUD300m by macro funds in thin liquidity helps push USD/JPY lower: trader
  • GBP/USD +0.20% to 1.4232 vs 1.4200-1.4294 range
  • BBDXY -0.09% to 1,182.65
    • 10-year Treasury yield up 2 bps to 1.604%
  • EUR/USD +0.22% to 1.1250 vs 1.1224-1.1272 range
    • Fund-related buying seen vs dollar and yen, with macro selling near 1.1300 triple top, 50-DMA, trader says
  • NZD/USD -0.03% to 0.7043 vs 0.7033-0.7069 range
    • N.Z. manufacturing growth accelerates for second month
  • WTI, Brent crude futures, gold and copper all advancing
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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