AUD,NZD/JPY crosses/Open/Wrap

Day ahead in the FX market, Monday December 3rd

  • EUR/JPY opens slightly lower, trading at 106.90 in early Asia after closing on Friday at 107.10:
  • Weekend Chinese PMI data came in exactly on expectations:
  • Latest IMM data shows a sharp increase in Yen shorts:
  • Australian retail sales and more Chinese PMI data are highlights on economic calendar:
  • EUR/JPY: Level to watch on downside is 106.50 from where we had impulsive moves on Friday:
  • AUD/USD: Still range-bound, broadly between 1.0360/1.0510 ahead of RBA tomorrow:

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