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CHINA RATES

China Repo Rates Fall on Tuesday

AUSSIE SWAPS

RBC: Receive 1Y1Y Vs. U.S.

DOLLAR-YEN
DOLLAR-YEN: After trading heavy into the release, a better-than-expected ISM
non-manufacturing PMI release saw these losses reverse, prompting a print up at
Y108.50 in USD/JPY. The factory orders numbers also fared well, adding to the
bid. Resistance in the pair holds up at Y108.64.