Overnight FX moves were choppy with EURUSD coming within 2 pips of the 1.12-handle before tapering off. In

GBL: Global Markets Daily

FX Research by Saktiandi Supaat

Bracing For Disappointment?

Overnight FX moves were choppy with EURUSD coming within 2 pips of the 1.12-handle before tapering off. In fact, USD edged lower against most but currencies the move was not remarkable as most players preferred to stay on the sidelines ahead of key events this week. USDJPY has retraced under the 102-figure. Apart from the USD retreat, market players seem to be bracing for some disappointment from the BOJ decision tomorrow. However, the event risk itself is keeping investors from taking...

Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Fiona Lim    (65) 6320 1374    fionalim@maybank.com.sg