HALISTER1: INSIDE G-10: USD/JPY Hits 106, GBP Surges; France Terror Attack

INSIDE G-10: USD/JPY Hits 106, GBP Surges; France Terror Attack

(Bloomberg) -- USD/JPY climbs above 106 amid risk-on tone, despite a terror attack in France. GBP/USD continuing its rebound to 5% above post-Brexit vote low.
  • France extends state of emergency after 7th terror attack in 18 months
  • USD/JPY up 0.3% to 105.61 vs 105.05-106.32 range
    • Buying led by retail and real-money accounts helps lift pair, which continues to move inversely with Nikkei index, says trader
    • Krugman calls for higher Japan inflation, fiscal boost
  • GBP/USD up 0.5% to 1.3410 vs 1.3327-1.3481 range
    • Bought on crosses as short exposures continue to be trimmed after BOE held rates yesterday, trader says
    • May seeks to shore up union with Sturgeon meeting
  • AUD/USD steady at 0.7630 vs 0.7608-0.7676 range
    • Gave up most gains after slew of China data beat forecasts, including 2Q GDP and factory output
    • RBA’s Kent favors multi-pronged stimulus in extreme scenario
  • BBDXY -0.02% to 1,186.73
  • Treasury 10-yr yield steady at 1.541%
  • Fed’s Bullard says “there’s really no rush” to raise rates
  • NZD/USD down 0.7% at 0.7151 vs 0.7142-0.7202 range
    • ASB sees risk RBNZ rate cut deferred as house prices surge
  • EUR/USD +0.05% to 1.1126 vs 1.1102-1.1140 range
  • WTI, Brent crude futures, gold all declining; copper steady
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

To de-activate this alert, click here

UUID: 7947283