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*Good morning/afternoon everyone!*
With U.S. yields up more than 4bp, the dollar is trading higher against all of the major currencies this morning. Investors are relieved that Florida skirted major damage from Hurricane Irma and according to North Korea TV, they may be ready to meet with U.S. officials. As a result, USD/JPY is this morning’s best performing currency. It has been hit hard in the past 2 months and due for a short squeeze. While the Canadian dollar continued to power higher, testing the 1.21 level AUD and NZD are lagging behind. Sterling is also trading firmly ahead of this week’s monetary policy announcement. Last but not least the euro is holding 1.20 but it support looks fleeting.
*The MAIN THEMES I see today are*
+USD, +GBP, +CAD
MILDLY +AUD, +NZD
1. Buy USDCHF at market now 0.9491, Stop at 0.9461, Target 0.9511
2. Buy CADCHF at market now 0.7843, Stop at 0.7813, Target 0.7863
3. Sell EURGBP at market now 0.9088, Stop at 0.9118, Target 0.9068
4. Back in USDJPY long at 108.52, Stop, 108.22, Target 108.72
Cancel ALL pending orders by 3:30PM NY / 19:30 GMT / 5:30AM AEST
Close ALL open day trades by 4PM NY / 20 GMT / 6AM AEST