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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUD/JPY last deals at Y71.80, back to neutral levels, as a slightly
stronger Nikkei 225 has sapped some strength from the yen.
- Dovish RBNZ MonPol decision & accompanying rhetoric heard at the subsequent
presser with RBNZ Gov Orr dragged the rate to a new cycle low of Y70.75
yesterday. AUD/JPY pared most of the initial slump subsequently, with upswing
likely driven by dip-buying, as well as an SCMP story suggesting that Sino-U.S.
trade talks in September will take place as planned. Recovery allowed the pair
to trim losses from 122 to 15 pips at the end of the day.
- A return above the Y72.00 mark would open up the Aug 2 low of Y72.22. Bears
look for a break under the lower Bollinger band (2%) at Y71.23 to gain some
downside momentum.