• USD/SGD recoils to 1.2791 from Thurs high 1.2809; STI -0.7%

• Tentatively slips out of Bollinger uptrend channel at 1.2798

• Failure to close above will see consolidation to 100 DMA 1.2755

• Pullback tracks USD/JPY as Japan MOF intervention fears arise

• Nearing 160.00 watermark, long USD/JPY positions get skittish

• US core PCE data due later today could be next big FX catalyst
SGD


(Ewen Chew is a Reuters market analyst. The views expressed are his own.)