HALISTER1: INSIDE G-10: Yen Advances Amid Whipsaw Session for Nikkei

INSIDE G-10: Yen Advances Amid Whipsaw Session for Nikkei

(Bloomberg) -- JPY rose vs G-10 peers as Nikkei index swung between an early gain of 1.5% before dropping as much as 0.7%.
  • USD/JPY -0.51% to 112.34 vs 111.97/113.05 range
    • Funds selling spot and Nikkei futures in tandem, helping trigger sell-stops through 112.30: traders
    • Intraday short-covering seen after large trades went through around 112.00, another trader says
    • BOJ’s Kuroda says simply increasing monetary base won’t raise prices
    • EUR/JPY buying seen ahead of options at 123.73: trader
    • Yen demand coming from exporters, year-end repatriation: BTMU
  • AUD/USD +0.06% to 0.7231 vs 0.7212/0.7244 range
    • Month-end hedging ran out of steam, leaving Aussie to retreat, led by falling USD/JPY
  • EUR/USD +0.13% to 1.1044 vs 1.1021/1.1049 range
    • Leveraged and macro investors selling ahead of 1.10 barrier, says trader
    • U.S. says it will oppose competitive FX devaluations at G-20 meeting
  • GBP/USD -0.25% to 1.4115 vs 1.4107/1.4156 range
    • 200 business leaders warn against “Brexit” in letter, Times reports
  • USD/CHF -0.38% to 0.9959 vs 0.9958/1.0002 range
    • Options expiring today include 0.9920 strikes for $200m: DTCC
  • NZD/USD -0.03% to 0.6697 vs 0.6688/0.6715 range
  • BBDXY -0.05% to 1,221.39
  • U.S. Treasury 10-year yield falls 2 bps to 1.731%
  • S&P 500 futures slip 6 points to 1,930
  • Brent crude -1.8%; gold +0.7%; copper -1%
  • NOTE: Inside G-10 (NI ING10), is a G-10 currency update published throughout the trading day. To subscribe to Inside G-10, please click here, “Display & Edit” and then “Set Alert Delivery”
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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