Westpac - "USD Index: Ranges should be tight ahead of US payrolls and the presidential election but overall we remain sellers of Dollar Index into 80.60/70.
AUD/USD: The upside surprise on CPI has injected extra doubt on the RBA’s decision next week, limiting downside on the pair to perhaps 1.0250, but most likely capped just above 1.0400 as global risk appetite should be wary.
EUR/USD: Peripheral bond markets continue to indicate patience with Spain and Greece, supporting the euro into Nov. EUR/USD should find buyers on dips to 1.2825/50, targeting 1.3140/70 multi-week. USD/JPY: Hopes have risen for BoJ action on Tue. Anything less than JPY10trn in extra asset purchases will disappoint. But key is the timing of this QE – if it is front loaded then USD/JPY should grind up to 81 but fall back if it is back loaded, as the Sep move was."