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JGBS AUCTION

Japanese MOF sells Y599.3bn 40-Year JGBs:

INDIA

State Debt Sale Smaller Than Indicated

JGBS AUCTION

PREVIEW: 40-Year Supply Due

SOUTH KOREA

Surge In Imports Dragged On GDP Says ING

AUSSIE
AUSSIE: AUD/USD added 10-15 pips in immediate reaction to the modestly stronger
than expected AU retail sales print, hitting a high of $0.7205, before fading to
$0.7196 last, 11 pips higher on the day. Bulls look for consolidation above
$0.7200 to allow them to target the upper Bollinger band (2%) at $0.7220.
AUD/NZD holds around NZ$1.0600, while AUD/JPY trades at Y77.95.
- Print may have been supported by the Black Friday period, with the RBA closely
watching the effects of falling house prices in the big cities on consumer
consumption.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com