INSIDE G-10: AUD, GBP Rise, JPY Whipsawed; U.K. Campaign Pauses
Source: BFW (Bloomberg First Word)
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(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.
Alert: HALISTER1- 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
Source: BFW (Bloomberg First Word)
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UUID: 7947283