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Highlights
of today’s FX Daily as follow:-
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Rally continued with fear of BREXIT sidelined and we
expect BREXIT to continue to dominate market news with lesser impact in terms
of price action.
·
We expect risk-on conditions to prevail and Euro’s
resistance into 1.1150 is seen capping the pair for now.
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On USD/JPY, we anticipate the pair to trade in tighter
range of 101-103 on fast arriving month end and quarter-end trades.
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We expect USD/MYR to trade on offer bias with tighter
trading range of 4.00-4.13 on reduced expectations of higher US rates but
mindful of book behaving and position squaring towards quarter-end.
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Thursday, June 30, 2016
Rally continued with fear of BREXIT sidelined and we expect BREXIT to continue to dominate market news with lesser impact in terms of price action.
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