Market sentiment remains well supported for next 48 hours in the run-up to Brexit vote. Global rates are trapped in tight ranges and we expect little movement.

Highlights of today’s FX Daily as follow:-

·         Market sentiment remains well supported for next 48 hours in the run-up to Brexit vote. Global rates are trapped in tight ranges and we expect little movement. ·         We foresee Euro to trail Cable in a Brexit-related correlation, with the markets currently on pause mode with possibilities to move up June’s high of 1.1415 level. ·         We anticipate biasness to rally from the Japanese yen during bouts of risk aversion together with the risk of BoJ intervention, both verbal and actual. ·         We are looking at 4.0238 of 50-day MA as key support on declining 1-month volatility USD/MYR, bond inflows and slipping SGD/MYR.