- N.Z. June building permits at 22:45 GMT. (m/m forecast -7.3%).
- Japan June industrial production at 23:50 GMT. (m/m forecast 1.5%, y/y forecast -0.1%).
- Japan June vehicle production at 04:00 GMT. (prior 59.5%)
With Euro now around the 1.2300 level, we have resistance up at 1.2380/85, with talks of option protection at 1.2400. On the down side first line minor support 1.2275/80, then 1.2240/45, large support comes in at 1.2175/80. Usd/Jpy starting out around the 78.50 level , we have heard of selling interest from exporters at 78.80 and again at 79.00. Hearing stops building above . Support continues at 78.15/20 and 78.00/05 with stops building below at 77.90. With Aud now trading at 1.0470/75 , we have resistance at 1.0485/90, (talk of barrier at 1.0500)then 1.0525/30. Support comes in at 1.0420/25, stops below 1.0400 , then support again 1.0380/85.
Good luck today.
