Quiet start to the week with Hong Kong, Taiwan and Korea markets closed for Mid-Autumn Festival. Equities initially weak (so UsdJpy also off the highs) but little follow through thus far. Concerns about China and speculation over when the Fed will begin to raise interest rates are likely to continue to be the main themes (for details see the weekly game plan). Today we have both a healthy US macro calendar and some Fed speakers that could impact on interest rate expectations.
Dull morning expected in Europe.
For charts, please refer to the Weekly Game Plan issued yesterday.
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