THB: Baht Under Pressure After Earthquake Rocks Bangkok

• EUR/USD: $1.0400(E1.1bln), $1.0420-35(E2.6bln), $1.0440-50(E2.8bln), $1.0460-75(E1.6bln), $1.0495-00(E1.6bln), $1.0510-30(E5.0bln), $1.0550(E1.4bln)
• USD/JPY: Y149.00($956mln), Y150.00($833mln), Y150.20-25($780mln), Y151.00($1.4bln), Y151.95($1.0bln)
• EUR/JPY: Y155.00(E927mln)
• GBP/USD: $1.2675(Gbp619mln)
• AUD/USD: $0.6400(A$817mln)
• USD/CAD: C$1.3500($1.2bln), C$1.4300($784mln), C$1.4390-00($1.4bln)
• USD/CNY: Cny7.3500($1.2bln)

• Bitcoin has managed to bounce back above that 50% retracement noted Yesterday at $88,027.59, this is the retracement post the US Election rally.
• Bitcoin lost a whopping ~10.55k in just the last two sessions, and after bouncing some ~3.3k from Yesterday's low, it is drifting back down to that $88,027.59 level.
• Next supports are still seen at 85,133.12, followed by 83,021.19, 61.8% retracement of the US Election Rally.

(Chart source: MNI/Bloomberg).

Gilts little changed with Bunds and Tsys off lows ahead of the UK open.

• Core global FI came under pressure in Asia on the back of increased odds of U.S. tax cuts.
• M5 futures -6 at 93.17, narrow 93.12-24 range to start.
• Initial resistance at the Feb 13 high (93.39), with the bullish technical theme intact in the contract.
• Roll completion stands at ~85% ahead of tomorrow’s first notice for H5.
• Yields little changed to 1bp lower across the curve.
• Little of note on the UK data calendar today,
• BoE dove Dhingra will speak on “Trade fragmentation and monetary policy” from 16:30 GMT, don’t expect a change in tone after she reaffirmed her dovish stance earlier in the week (pushing back against the idea of gradual cuts given her view on consumption).