Halister News

(Bloomberg) -- Pound slides, yen rallies while Nikkei index slumps and JGBs extend record low yields. Risk aversion is spreading amid heavy event risks over next 2 weeks that culminates with U.K. referendum on EU membership, which is still too close to call.

• SNB seen intervening more aggressively on Brexit, according to Bloomberg survey
• GBP/USD -0.51% to 1.4185 vs 1.4159-1.4271 range
  • Sold across the board by leveraged and macro funds; liquidity shrinking and deal sizes above GBP50m already becoming problematic, says trader
  • Investors intending to reduce U.K. related risks should do so this week, as liquidity is likely to be limited next week, Citigroup writes in note to clients
  • 20-cent range seen with U.K. EU vote, Bloomberg survey
  • Brexit outcome too close to call, undecideds seen as key
  • U.K. poll shows 54% support ‘Norway’ Brexit
• USD/JPY falls up to 1% to 105.95 session low
  • BOJ seen to act soon; 55% forecast more easing on July 29
  • Nikkei 225 drops as much as 3.1%; JGB 10-year yield down 1 bp to -0.16%; 5- and 20-yr yields also reach record lows
  • Brexit news impact yen more than Kuroda’s remarks: analysis
• AUD/USD +0.08% to 0.7379 vs 0.7359-0.7393 range
  • Subdued activity amid local market holiday
• BBDXY +0.01% to 1,183.66
• 10-yr Treasury yield falling for fifth session, drops 2 bps to 1.623%
• NZD/USD -0.23% to 0.7039 vs 0.7032-0.7063 range
  • Economists raise forecast for 2016-17 growth to 2.7%
  • 10-yr N.Z. yield also falls to record low of 2.50%
• EUR/USD little change in tight range of 1.1232-1.1263
  • Options expiring today include 1.1200 strikes for EUR1.5b
• WTI and Brent crude futures falling; gold, copper both rising