|10-Year: +15/32....%.... GNMAs: .... USD/JPY: 78.69.... EUR/USD: 1.2647|
Empire Manufacturing: Actual 2.3, consensus 13.5, prior 17.1
Net Long-Term TIC Flows: Actual $25.6B, prior $36.2B
Industrial Production: Actual -0.1%, consensus 0.1%, prior 1.1% (revised 1.0%)
Capacity Utilization: Actual 79.0%, consensus 79.1%, prior 79.2%
Michigan Sentiment: Actual 74.1, consensus 77.0, prior 79.3
USDJPY is -70 pips at .7870 as sellers have dropped the pair back onto its 200-day moving average. Today’s slide comes after the Bank of Japan failed to provide measures to weaken the yen, instead opting to keep some powder dry in the event of a fallout from the Greek election. AUDUSD is +40 pips at 1.0060 as traders continue to move into the hard currency on the recent return to risk. The aussie has rallied almost 500 pips off its June 1 lows, and is now testing its 50-day moving average. Overhead resistance aided by the pair’s 200-day moving average comes into play near 1.02250. Australian new motor vehicle sales are due out on Sunday night.
USDCAD is flat at 1.2225 as trade sits on support. Canada’s foreign securities purchases will be released on Monday.