Turnover in Asia was good today, despite ranges broadly holding across currencies. Leveraged names seemed to have led the charge in buying the USD and this led to the best volume in almost two weeks with it running almost 15% above the recent average
- AUDUSD: 53% sell bias with corporates providing the bulk of the supply. Banks, leveraged names and real money investors are all net buyers for the session.
- EURUSD: 53% sell bias with leveraged investors and real money names selling spot. Banks and corporates are small buyers.
- NZDUSD: 52% sell bias with real money names, banks and leveraged names all net biased to selling. Turnover is low.
- GBPUSD: Decent bias towards buying spot. While banks and real money investors have led the demand, leveraged names are net sellers.
- USDJPY: 56% bias towards buying JPY with real money investors and banks buying JPY. Leveraged names have bought USD here as well.
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