HALISTER1: INSIDE G-10: Pound Still Soft, Kiwi Slides, Yen Strengthens

INSIDE G-10: Pound Still Soft, Kiwi Slides, Yen Strengthens

(Bloomberg) -- GBP under more pressure as Sun newspaper supports leave campaign. Yen stays firm, while Japanese, Aussie and Kiwi yields extend record lows and equities slump.
  • GBP/USD -0.61% to 1.4183 vs 1.4179-1.4271 range
    • Option orders around 1.4200 providing liquidity; macro, hedge accounts sold in early session: trader
    • Four polls put U.K. on course to leave EU
  • USD/JPY -0.23% to 106.02 vs 105.94-106.42 range
    • Japan Finance Minister Aso says govt will take FX action in line with G-7, G-20 agreements as needed
    • Option traders may be caught off-guard if BOJ surprises by easing: analysis
    • JPY needs to weaken for political, economic reasons, Franklin Templeton CIO Hasenstab says
  • BBDXY +0.05% to 1,184.07
    • 10-yr Treasury yield steady at 1.618%
  • AUD/USD +0.15% to 0.7398 vs 0.7375-0.7400 range
    • Australia May business confidence falls to 3 vs 5 previous
  • NZD/USD -0.42% to 0.7031 vs 0.7022-0.7062 range
    • Selling led by leveraged investors ahead of sell stop- losses that will trigger on break of 0.7020 today, trader says
    • Brexit would likely dent N.Z. exports, N.Z. Institute of Economic Research says
  • EUR/USD -0.04% to 1.1287 vs 1.1286-1.1298 range
    • FOMC statement to show “eager, yet cautious” committee, Barclays says; risk management concerns suggest delaying action until after U.K. vote on June 23
  • Gold, WTI and Brent crude futures falling; copper rising
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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