Markets are looking ahead to significant risk building-up on the immediate radar including Fed policy decision on 15th June and the week after’s Brexit vote on 23rd June

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Highlights of this week’s FX Weekly as follow:-

·         Markets are looking ahead to significant risk building-up on the immediate radar including Fed policy decision on 15th June and the week after’s Brexit vote on 23rd June ·         EUR/USD likely to see further downward pressure as flows into alternative haven assets. ·         USD/JPY could test a recent low of 105.5 in May 2016 if it breaks on the downside of the triangle formation. ·         Offers on USD/MYR to stay strong to test resistance of 4.120 on rising 1-month volatility and rebound in cross SGD/MYR under risk-off environment. Support at 4.014 and resistance at 4.120.