The USD is mixed in early NY trading
As traders enter for the day in North America, the JPY is the strongest, while the GBP is the weakest. The pound is the biggest mover on the back of no-Brexit concerns.
The JPY was pushed higher after the USDJPY failed to get above some key resistance defined by a topside trend line and the 100 hour MA. The USDJPY has rebounded (lower JPY) after breaking below the key 111.00 level (and trend line) and moving to a low of 110.827. The price trades just above the broken trend line.
The ranges and changes shows the GBPUSD is the biggest mover with a 100 pips trading range with most of the action today to the downside. The pair is trading at the session lows. The USDJPY has a decent trading range and approached its 22 day average range. The other major pairs vs. the USD had limited moves . The cross pairs were led by the GBPJPY which has trended lower (down -126 pips) with a 155 pip trading range. The EURGBP is up 48 pips and trades near the day highs.
IN other markets:
- Spot gold is unchanged at $1211.15
- Crude oil is down -$0.66 or -0.94% at $68.52 China announced they will put a tariff on US crude imports
- Bitcoin fell as the SEC announced they would delay announcement on bticoin ETFs
US stock futures imply small changes:
- Dow up 9 points
- Nasdaq down -4 points
- S&P unchanged
IN the US debt market yields are also little changed:
- 2 year 2.669%, unchanged
- 5 year 2.8414%, unchanged
- 10 year 2.9749%, up 0.2 bps
- 30 year 3.1224%, up 0.5 bps
