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CNH

Sandwiched Between 50-DMA & 100-DMA

AUSSIE BONDS

AUCTION PREVIEW: ACGB Nov '32 Supply Due

JAPAN DATA

Japan May CPI 0.1% Y/Y; Energy Up

112.74 in Focus Despite............>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 112.74 in Focus
Despite remaining clear of the 112 level, the bounce in USDJPY needs to close
above the 38.2% Fibo retracement from October's highs to lows at 112.74 to
signal an uptrend. A move above here would open up a move to the 61.8% level at
113.43 before the YTD high at 114.55. Bears need to see a fall back below the up
trendline support at 111.88. The 100-dma is placed behind at 111.47, a break of
which raises the prospect of a reversal pattern.