FX Update: The Dollar majors have traded mixed
FX Update: The Dollar majors have traded mixed, with the U.S. currency gaining versus the Yen but losing ground against rebounding Dollar Bloc currencies, with a lift-from-lows and rebound in S&P 500 futures facilitating some squaring out of risk-off positioning. USD-JPY has lifted three-day highs in the upper 112.0s, and most Yen crosses have also lifted. Asian stocks managed to claw back some lost ground after a rough start, although most have remained in negative territory. Sino-U.S. trade tensions remain on the boil, with the Trump administration saying China had "no altered" its alleged predatory trade practices. In data, Japan's all-industry activity index contracted by 0.9% m/m in September. EUR-USD has recouped to 1.1400 from the 113.58 low see yesterday, while AUD-USD has lifted out of yesterday's one-week low at 0.7202 to the 0.7240 area. USD-CAD has steadied after rallying strongly during yesterday's 5%-plus oil price rout, which drove underperformance in the Canadian Dollar. The pair has retreated back under 1.3300 after leaving a five-month high at 1.3318 yesterday.