Foresee FX markets will be in a range-bound driven by biasness on high yielding currencies due to continued outflows from the UK and Eurozone

Highlights of today’s FX Daily Outlook as follow:-

·         Foresee FX markets will be in a range-bound driven by biasness on high yielding currencies due to continued outflows from the UK and Eurozone ·         Envisage EUR/USD to trade within the 200-day MA of 1.109 & 100-day MA of 1.127 based on the market liquidity condition despite a sharp drop in Eurozone Sentix. ·         USD/JPY will likely trade around 100-103 with 100 as key pivot point. ·         Expect USD/MYR to be in a range-bound of 3.980 to 4.100 underpinned by liquidity in conjunction with Hari Raya Aidil Fitri holidays.