AUDJPY LOOKS POISED FOR MORE DOWNSIDE
• USD is mixed as ADP employment is expected to come in at 165k.
• CAD is flat with a subdued trading leading into Thurs’ Poloz testimony and dual employment on Friday.
• EUR is weak on mixed data, ECB risk & concerns over banking union.
• GBP is strong after PMI services suggest the BoE will not turn to QE.
• JPY is strong on risk aversion; Abe launch 3rd arrow structural reform.
• AUD falls on AUDJPY unwind, weak GDP and comments from Swan.
Read the full report: FX Daily
Scotiabank