The USD is mixed
As North American traders enter for the the the AUD is the strongest currency. The JPY is the weakest after the BOJ said they would keep rates low. That sent yields lower in Japan and also helped to push down global yields as well.
The USD is mixed with gains vs the JPY and NZD, declines vs the EUR, GBP and AUD and near unchanged vs the CHF and CAD. The Fed starts its two day meeting today. They are expected to announce no change in policy tomorrow at 2 PM ET.
Looking at the price action and ranges in the charts below, the USDJPY (and JPY pairs) have the largest price action moves. They also trade near high extremes. The USDCHF - which was saw the price trend lower yesterday - is consolidating the gains today (and hardly moving with a 21 pip trading range). The EURUSD is following up the gains from yesterday, with more gains today. It moved up to test the highs seen over the last two weeks at 1.1743-49 area. The high reached 1.1743 today so far (trading at 1.1737 currently). Get above and there could be more buying
In other markets a snapshot shows:
Yields are lower on the long end in the US:
The 10 year yields in Europe are also mostly lower. The push lower was helped by a fall in Japan 10 year yield as well which moved from a high of 0.123% to a low of 0.062%.
The US stocks in pre-market trading are higher with the:
- Dow up 24 points.
- The S&P up 6.75 points
- The Nasdaq up 22 poiints
Spot gold is Down -$1.00
WTI crude oil is down -$0.40