Weakness in the CHF, JPY and AUD highlighted pre-New York open trade, while the dollar was steady-to-mixed versus other major currencies. The yen came under the cosh after Japan unexpectedly turned out a trade deficit in September data, which rekindled speculation for the BoJ to expand its QQE program at its upcoming Oct-30 policy meeting. USD-JPY chalked out an eight-day peak at 120.07, and EUR-JPY made six-day highs. EUR-CHF spiked nearly 0.5% to a 1.0894 peak, which had market chat forums buzzing with talk of SNB intervention.
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