Japan Money Stock M2 (YoY) Sep: 3.8%(exp 4.3% prev 4.2%)
Australia Westpac Consumer Confidence Index (Oct): 97.8 (prev 93.9)
Singapore MAS Reduces Slope Of Currency Band
RBNZ Wheeler: Further Easing Seems Likely, Need Capacity To Cut OCR If Global Economy Slows More — BBG
Wheeler: Recent Eco Indicators Have Been More Encouraging
Wheeler: Further Policy Moves Are Data Dependent
Risk sentiment improved somewhat overnight in the FX market, but the major Asian equity markets are all down on the day.EUR/USD had a quiet start into the trading week and continues to consolidate in a rather tight range. It briefly rose above 1.14 again overnight, but failed to post fresh highs. The pair fell back to 1.1380 and is currently consolidating around that level. Key intraday support is seen at 1.1340 and 1.1315. GBP/USD fell sharply yesterday after CPI arrived at -0.1 % vs 0.0 % expected. It declined from 1.5385 to a low of 1.52, from where it had a decent bounce. Cable reached a high of 1.5290 overnight and resistance is now seen at 1.53. Should it be able to break above the level, 1.5380/90 will be the next major obstacle. Keep in mind that we have UK employment data today at 0930 BST. USD/JPY got dragged lower by falling equity markets, but is still caught in a range. It found solid support at 119.50 and bounced from there. Intraday support is seen at 119.20, while resistance lies at 120.10.