- Biden and Ryan promises- promises, why not throw in a month paid vacation while you’re at it?
- Japan August Teriary industry index rose 0.4%.
- Japan September domestic CGPI fell 1.4% y/y .
- IMF’s Lagarde says financial system not much safer than Lehman period.
- Peru leaves reference rate at 4.25% as expected.
- Singapore leaves monetary stimulus alone, very unexpected, as GDP fell 1.5%.
- Mantega says Brazil rejects protectionist label.
- Europe uneasy in IMF spotlight.-rtrs
Very lackluster session with the policy non-move by the MAS had the Sing $ strengthening to 1.2200 from 1.2285 before the announcement. The usual banter out of Tokyo will be said all over again later in the day or again next month.
EUR/USD saw support come in from the start at the low of 1.2920/25 and slowly reached a high of 1.2946. Offers remain up above at 1.2980/00.
USD/JPY started the session also at the lows of 78.30/32 and traded up as high as 78.53 before settling here at 78.40.
AUD/USD consolidated around the 1.0255/65 level most of the session. After a brief run up towards 1.0290 it has since settle here at 1.0270/75.
All supports and resistances remain intact.
TGIF and have a good weekend.
