JPY The safe haven weakened throughout the session, grinding lower amid increasing US yields. USD/JPY bulls now have a clear sight on the 113.00 handle. JPY lost ground against all its major pairs through the session, with EUR/JPY testing 133.00
GBP Cable had its day of option expires today, as 1.1bln at 1.3055 and 1.7bln between 1.3530 and 1.3500. The pair saw subdued trade, despite marginal optimistic Brexit reports with a German govt official expecting EU leaders to give the signal that EU should internally prepare for next phase of Brexit talks and transition.
CAD Opec news circulated as we approached the Wall Street open, with source reports stating OPEC are leaning towards a 9-month extension and a decision may be made in early 2018. Further, three OPEC sources told Reuters that keeping the curbs in place until the end of 2018 was a likely outcome and a fourth saying that an extension of six to nine months would be needed to remove excess oil in storage. CAD saw a marginal bid, with USD/CAD printing fresh session lows on the news, firmly through 1.20, hitting lows of 1.2489, prior to the weekly DoE inventories, unfazed by the DoE report.
Source: www.talking-forex.com
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Thank you for Daily FX Wrap. I have noted recently, USD is bullish with certain currency, but very bearish with others.