Trial now
GILT TECHS

(M1) Key Support Zone Exposed

SCHATZ TECHS

(M1) Clears Congestion Support

BTP TECHS

(M1) Downtrend Extends Further

BOBL TECHS

(M1) Bearish Breakout Cemented

USDJPY TECHS

Fierce Bounce, But Needs to Stick

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Aug24 close Y109.56, Aug25 Asia range Y109.50-77,
Europe Y109.56-70
*Euro-yen: Aug24 close Y129.30, Aug25 Asia range Y129.17-50, Europe Y129.12-39
*Japanese CPI data largely went by unnoticed overnight, CPI excluding fresh food
and energy, the Bank of Japan's favoured inflation measure, came in right on
expectations at 0.1% y/y
*After trading sideways in a Y109.50 to Y109.61 range, Tokyo-fix related
interest pushed the dollar up from Y109.55 to Y109.77. Sources also attributed
the move to demand via the yen crosses, predominantly against euro and sterling
*The quiet theme spilled over into Europe, with many traders sidelined ahead of
Jackson Hole dollar-yen traded a very narrow Y109.56-70 range
*Euro-yen opened heavy in Europe, rate made a break of the tight range, touched
pullback lows of Y129.12 before dip buyers cushioned falls
*The release of marginally strong German IFO on the Business Climate and
Expectation components lifted to Y129.29 before fading
*Late short squeeze via the crosses extended to the Y129.35/40 area.