Forex - AUD/USD, USD/JPY Flows: Steady as market awaits more details on trade deal and China data


 01:39 (GMT) 16 Dec

  [Forex Flows]

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AUD/USD, USD/JPY Flows: Steady as market awaits more details on trade deal and China data (0101-QBGS-C01)

AUD/USD and USD/JPY fairly steady at the start of the week as market calms down after the phase one trade deal announcement on Friday which whipsawed markets. However, the announcement has been short on details and gives market some reason to err on the side of caution. Without further news on trade, focus may switch over to China data coming up at the top of the hour before key data releases from the Eurozone. However, market reaction to data might be more limited than usual with trade still the number one issue. Our forecasts for China data are close to market estimates which should not produce a strong and persistent move in G10 FX.


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