Markets continued to be driven by the flow of opinion on the UK’s EU referendum.

Highlights of today’s FX Daily as follow:-

·         Markets continued to be driven by the flow of opinion on the UK’s EU referendum. The apparent swing back in favour of “Remain” over the weekend saw sterling continue to recover lost ground throughout the day, closed 2.23% higher. ·         Easing fears on Brexit saw the peripheral spread within euro area narrowing and the risk of JPY to fall below the century mark declining. ·         Improving risk sentiment and surge in crude oil prices could see USD/MYR to test the resistance of 4.054 level at 100-day MA. Key watch: 3YMGS/2YUST rate differential, Yellen’s testimony before the Senate Banking Committee.