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JGB TECHS

(Z1) Bearish Trend Condition

AUSSIE 10-YEAR TECHS

(Z1) Bearish Price Sequence

AUSSIE 3-YEAR TECHS

(Z1) Off Recent Highs

US 10YR FUTURE TECHS

(Z1)‌‌ Support Appears Exposed

Bounce In Risk Offers Relief For Peso

MEXICO

A volatile close to the week with USDMXN extending the substantial 5% squeeze witnessed over the past 10 days. Desks reporting decent two-way flows on Friday and the lack of liquidity exacerbated the price action with the pair closing near to 20.60.


The bounce in Equity futures overnight has seen some relief for the Peso trading back down to 20.30.


Another fairly light week on the calendar before a very live meeting for Banxico next week on February 11th, where analysts remain divided on whether the central bank will resume their easing cycle. CPI released on Tuesday 9th will be the important final piece of information before the decision.

MNI London Bureau | +44 020 3983 7893 | jack.lewis@marketnews.com