USDJPY closes higher as US 2-year yields rise sharply

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GBP pummeled again by fresh comments from departing Gieve. Latest US new and existing home sales data on tap today. HEADLINES New Zealand Q3 GDP out at -0.4% QoQ vs. -0.5% expected China lowered Benchmark lending rate 27 bps to 5.31% THEMES TO WATCH – UPCOMING SESSION Events Today: EuroZone Oct. Current Account (0900) UK Q3 Final GDP estimate (0930) UK Q3 Current Account (0930) UK Nov. BBA Loans for House Purchase (0930) US Q3 Final GDP estimate (1330) US Dec.