What’s In Store For Today:

  • Japan September trade balance (survey -Y547.9B, prior -Y754.1B, revised -Y755.9B.) @ 23:50 GMT.
  • BOJ minutes for October 4-5 meeting @ 23:50 GMT.
  • BOJ Governor Shirakawa speaks @ 00:30 GMT.

Quiet start to the evening session with the market consolidating around the N.Y. Friday close. No fresh news out till the latest BOJ minutes and Japan’s trade figures release in a few hours. The consensus is for the deficit to narrow to -Y548B with some forecast showing an increase to Y871B ans as low as Y505B.

EUR/USD has minor support at the 1.3000 level with stops below leading to buying interest around 1.2950/60. Offers above starting at 1.3070/80 with stops above 1.3100.

USD/JPY offers above at 79.50/60 with bids below at 79.00.

AUD/USD bids at 1.0270/80 with stops below. Offers at 1.0380/00 with more up at 1.0450.

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