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ASIA RATES

BoK To Reduce 2-Year MSB Issuance

BOBL TECHS

(U1) Approaching Key Support

BUND TECHS

(U1) Holding Above Support

INDIA

Operation Switch Smaller Than Expected

BOND SUMMARY

A Calmer Asia Session

ASIA FX

Positive Risk Sentiment Offset By USD Bounce

EURO-DOLLAR
EURO-DOLLAR: Another wave of risk aversion trade prompts demand for Jpy, with
sales of Eur/Jpy pressing on Eur-Usd as rate extends its corrective pullback
through the early Europe low of $1.1727 to $1.1724. Dips continue to meet
willing buyers but recovery efforts so far remain very shallow and seen keeping
focus on the downside. Support seen at $1.1720, then $1.1708, 61.8%-76.4%
retracements of the recovery from Wednesday's low of $1.1689 to this morning's
Asian high of $1.1770 respectively. Break below $1.1700 to expose that Wednesday
low of $1.1689, with stronger demand then seen into $1.1680.  
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com