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KOREA RATES

10-Year Future Hits Contract High

TWD

Central Bank On Hold At Record Low

CHINA RATES

China Repo Rates Rise Friday

KRW

Coronavirus Cases Stubbornly Above 500

US TSY FUTURES

TYU1 Lifted

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUD/JPY last deals at Y78.11, 15 pips higher on the day after AUD
spiked higher upon the release of softer than exp. AU housing finance data &
slightly firmer biz. conditions/confidence, but eased off to pre-release levels,
as the impact of the former print came to the fore. 
- Meanwhile, the yen initially struggled, pressured by outperforming equities,
but recovered somewhat, as the BoJ's decision to trim the size of its 10-25 Year
Rinban operations lent support. The rate then added a handful of pips after
reports of a breakthrough in cross-party U.S. shutdown talks hit the wires. 
- Bulls look for consolidation above the Y78.00 level and target the 21-DMA at
Y78.48. On the downside, spotlight falls on yesterday's low of Y77.73 and a
break below would open up a run at Y77.28, which represents the pivotal support
flagged in our FX Analysis e-mail from 12:40 GMT 02/08.