JPY

• Mixed markets. Equities push higher while French political issues weighed on the EUR. This supported the USD. AUD & NZD lost ground.• US data. ISM manufacturing better than expected. US job openings due tonight. Non-farm payrolls released on Friday night.• AU events. October retail sales stronger than anticipated. A promising sign for Q4. Q3 GDP released on Wednesday. RBA meets next week. There has been a mixed performance across asset markets and regions at the start of the new month. Equities have continued to power along with strength in the tech-sector underpinning the broader US market which hit another...

• Positive tone. A solid end to November with US & European equities rising. Bond yields dipped. AUD & NZD edged a bit higher.• JPY revival. JPY rebound has weighed on USD/JPY & the USD. Narrowing yield spreads as the BoJ hikes & others cut rates is JPY supportive.• Event radar. Locally, retail sales out today & GDP is on Weds. US Fed Chair Powell speaks this week & the latest US jobs figures are due. Markets ended last week, and November, on a positive note. In the holiday shortened US session equities rose with the S&P500 (+0.6%) touching another...

• Softer USD. A firmer EUR, stronger JPY, & month-end portfolio rebalancing flows exerted a bit of downward pressure on the USD.• AUD & NZD. AUD ticked up & NZD rose despite RBNZ delivering a 50bp cut & indicating more to come. AUD/NZD below model estimates.• Holiday markets. US markets closed for Thanksgiving tonight & only open for a few hours on Friday. Thinner liquidity may generate bursts of intra-day vol. Mixed fortunes across markets over the past 24hrs with the economic data and central bank comments butting up against month-end portfolio rebalancing ahead of the US Thanksgiving holidays. US...