GBP and EUR are the top G10 FX gainers, up 0.23% and 0.21% today while JPY is the top losers down -0.44% vs the dollar. The BoJ made changes to the policy to make the stimulus programme more flexible but decided to keep rate low for now; there was speculation ahead of the meeting that Bank of Japan may tighten policy. Elsewhere, GBP was trading flat ahead of the BoE where a 25bp rate hike is around 90% priced in. That said, we still see GBP risk skewed to the upside. In the equities space today, the Asian markets traded flat with the Nikkei 225 closing +0.04% at 22,553 and Kospi ending +0.07% at 2,295; Hang Seng was the only exception falling -0.52% to 28,583. The European equity indices were trading mixed with FTSE 100 up +0.26%, DAX flat, and CAC down -0.06%. In the rates market, global yields were trading slightly weaker. The US 10-year yield was trading at 2.956% and the Bund 10-year yield trading at 0.44%. In the energy space, the Brent (front month) is trading weaker for the day at $74.56 with next resistance at $75.47. In terms of data, the Euro-area Q2 GDP (flash) missed (2.1% vs 2.2% expected) while the inflation rate was a beat (2.1% vs 2% expected); in our view, above expected inflation is likely to help the EUR over the coming days. During the US session, the personal spending and PCE prices are the only data points of note. Looking ahead at the week, the Manufacturing PMI (flash), BoE rates decision, FOMC rates decision, and US NFP will be the key releases.

10-Year Yields Daily chart (6-month)

USD-Index Daily chart (2-month)

Brent Front Month Daily chart (6-month)

Trade weighted basket Hourly (one-week)

Major Currency Pairs

EURUSD Chart (Two-week)

Strategy: Resistance at 1.1765 for 1.1679
Short-term view: EUR/USD has resistance at 1.1765 and MACD is topping, hence, we see a dip to 1.1679. A break above 1.1765 to open 1.1807. 

GBPUSD Chart (Two-week)

Strategy: Resistance at 1.3204 for 1.3100
Short-term view: GBP/USD has resistance at 1.3204 and MACD is looking to dip once again. Hence, we se a dip to 1.3100. Above 1.3204 to open 1.3296.

USDJPY Chart (Two-week)

Strategy: Support at 110.75 for 112.10
Short-term view: USD/JPY has support at 110.75 and MACD has entered positive territory. Hence, we see a bounce to 112.10, possibly 112.60. A break below 110.75 to open 110.39.

AUDUSD Chart (Two-week)

Strategy: Resistance at .7440 for .7382
Short-term view: AUD/USD has resistance at .7440 and MACD is flat. Hence we see a dip back to .7382. Above .7440 to open .7474

BTCUSD 1-Hour Chart (Two-Weeks)

(Chart by Reuters)

Strategy: Resistance at $7776 for $8396
Short-term view: BTC/USD support comes in around 7776 and MACD is looking to improve. Hence, we are looking for a bounce to 8396. Above 7776 to open upside.