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EURJPY TECHS

Corrective Pullback

US EURODLR OPTIONS

Light Upside Call Spds

USDJPY TECHS

Dips Considered Corrective

EURGBP TECHS

Trend Signals Remain Bearish

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The previously outlined pullback in e-minis has provided a light bid for the U.S. Tsy space, with T-Notes operating in a 0-05+ range, last -0-03 at 132-09, a little off of best levels as e-minis have stabilised. Cash Tsy trade has seen 5s richen by ~1.5bp while the longer end of the curve has unwound the modest early weakness to trade flat.