The Traderszone Network

Positive session in tight range
– +96.83
– open 19929.97
– high 19992.44
– low 19926.10
USDJPY not getting any help though and sits on session lows at 122.55

Squawk Box Live is on the ground in Moscow as tensions remain high over Turkey shooting down a Russian jet on the Syrian border.

Greetings one and all, and Happy Thanksgiving to all our US readers
Given the holiday we might expect a more subdued session but lack of liquidity can often lead to greater volatility. We should expect the unexpected as always. Month-end flows may also start to kick in

Here’s what the DTCC have listed at the moment
– USDJPY 122.65 (USD 436m) 123.00 (213m)
– EURUSD 1.0590-1.0600 (558m)
– GBPUSD 1.5090 (GBP 193m)
– USDCAD none at present
Notable expiries for tomorrow

GlaxoSmithKline Plc (GSK.L) has cut 40 percent of its sales reps in China and axed some units as it eyes a return to growth in 2016, after sales plunged during a bribery scandal that landed it with a record $490 million fine in 2014. The British firm is gambling on a new, cleaner image to reboot its performance and reputation with doctors and consumers, China head Herve Gisserot told Reuters during a wide-ranging interview at the group’s Shanghai headquarters.

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Latest note from the US ratings agency
– supported despite heavy debt burden
– unclear if Japan can reach fiscal target by 2020
Says Moody’s:
“Moody’s Investors Service says Japan’s A1 issuer and senior unsecured ratings and stable outlook are supported by fundamental features that make an extraordinarily high level of government debt affordable.