CAD/JPY contests key daily support at 85.42
We’re back here once again for CAD/JPY after the warning from earlier today .
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With oil pressured down by 2% to $70.50 and 10-year Treasury yields marked down by 4 bps to 1.33%, the pressure is on as sellers look to make the most of the situation and go in

State media in China, Xinhua, with the article on remarks as Li Keqiang toured  Guangxi province in the south of the country. 
Plenty in the report is familiar, he said the Party would

Forex news for North America trading on Sept 17, 2021:
Markets:
– Gold down $1 to $1752
– US 10-year yields up 4.3 bps to 1.376%
– WTI crude oil down 59-cents to $72.01

Both the NASDAQ index and S&P index declined by -0.91% in trading today
The final numbers are showing:
For the week, 

Yield up from 1.344% a week ago
Looking at the week, the yield move down on Monday and Tuesday bottoming near the September low around 1.267% (the low yield reach 1.263%). The last three trading days has seen a move to the upside on each successive day. Today the high yield reached 1.385%. That equaled the

Not a great look
There’s been a brewing controversy around covid booster shots, which the President touted last month. Biden said they would start rolling out next week.

Natural gas prices down 5% today
The one-way trade in natural gas markets has finally stopped, at least in the US.
Natty is down 5% today and now up just 2.6% on the week. If you scroll out though, it’s been a one-way trade since April and a remarkable bull run.

Forex news from the European trading session – 17 September 2021
Headlines:
Markets:
– AUD leads, JPY lags on the day
– European equities lower; S&P 500 futures down 0.3%

The US government is anticipated to default on payment obligations possibly some time in October
This is one risk that perhaps the market is largely ignoring, mainly because more often than not it is a political standoff that eventually gets sorted out because let’s be real, politicians themselves perhaps have more to lose than the working

Risk turns slightly softer in European morning trade
European equities got off to a good start but all of that has been erased now as regional indices turn red with US futures also marked down by 0.3% currently.