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JGB TECHS

(U1) Tilted Higher

AUSSIE 10-YEAR TECHS

(U1) Uptrend Weakening

US TSYS SUMMARY

Bullard Kickstarts Reflation Unwind Theme

AUDUSD TECHS

Fresh 2021 Lows

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  • Yesterday, economic data showed that Czech inflation slowed in May to 2.9% YoY (vs. 3.1% exp.), down from 3.1% the previous month.
  • Czech policymakers have hinted the market that the CNB will start raising rates this summer, with some participants pricing in a hike as soon as this month at the June 23 meeting.
  • USDCZK continues to trade sideways, oscillating between 20.72 and 21; next resistance to watch on the topside stands at 21.23 (50D SMA). On the downside, first support to watch below 20.72 stands at 20.50.
  • Czech 10Y yield continues to gradually retrace lower after breaking below its 100D SMA earlier this month; next support to watch stands at 1.60. On the topside, first resistance stands at 1.71% (100D SMA), followed by 1.79 (50D SMA).