Markets were monitoring ongoing developments on Monday as the US presidential debate unfolded, OPEC was meeting to discuss the possible options in the light of oversupply concerns, and in the background Deutsche bank was making news with the German government stating it would not step in to help the bank with its troubles.
US equity markets were negative yesterday at close and Asia this morning manifested a mixed performance with major indices moving in both directions.
The Yen was initially higher but has now lost its lead against the USD after the BoJ Governor announced it was prepared to use every policy tool available to achieve its 2 percent inflation target. USDJPY is currently trading at 100.82 after earlier session lows of of 100.08.
The US Dollar index is largely unchanged, so far today trading just off session open of 95.32 at the time of writing.
The economic docket is fairly quiet this morning but we have US Case Shiller report, US PMI Services and US Consumer Confidence later in the afternoon.
