• Malaysian ringgit spiked on Friday as global risky assets rallied after ECB opened doors for more stimulus as early as December
  
  
• USD/MYR open at 4.2530 today, traded a 4.21-4.27 range so far and was last trading at 4.2263 at the time of writing
  
  
• Pair is down 1.3% from yesterdays Asian close as high beta currencies reacted to dovish Draghi
  
  
• Data earlier showed that Malaysia's inflation came in much lower than expected in Sept, CPI rose 2.6% y/y (poll 3.0%, prior 3.1% for Aug)
  
  
• Daily price action has dipped into the cloud, breaks below 200 DMA at 4.2016 could see correction to 4.1100
  
  
• On the upside next immediate hurdle is located at 4.2698 (20 DMA) ahead of 4.2780 (daily Kijun)