Tuesday, January 16, 2018

FW: [Maybank] Mild USD Correction?

 

 

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GBL: Mild USD Correction?

Global Markets Daily
by Saktiandi Supaat

FX Research

It was a quieter session overnight with USD's decline taking a breather as US markets were closed for Martin Luther King holiday. Most USD/Asia FX were slightly firmer this morning, led by USD mild rebound against JPY and KRW. Though trend remains your friend, we do not rule out short term squeezes especially ahead of key events in the coming days – German SPD party conference (21 Jan) on deciding whether to move coalition government formation talks to the next stage; BoJ meeting (23 Jan) and...

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