Introducing Surge - Intelligent Book and Execution Optimisation Platform

Markets are USD-focused, with the yield on 10-year Treasuries advancing, currently at 4.24%. We see USD/JPY open above 152, Cable open below 1.30, and EUR/USD testing support at 1.0780/1.08.

Asian equities declined for a second day, and USD/JPY is back above the psychological 150 level. The U.S. election dominates the macro theme, favoring a stronger dollar and higher U.S. yields.

An active overnight session saw China’s banks lowering their one-year loan prime rate to 3.10% from 3.35% and reducing their five-year gauge to 3.60% from 3.85%.