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ASIA FX

BofA Bullish On IDR, INR & THB

JGB TECHS

(U1) Tilted Higher

NZD

Kiwi Gives Away Post-GDP Gains

AUSSIE BONDS

Dragged Flatter By U.S. Tsys Overnight

US TSYS

Flat Re-Open

EURO-YEN
EURO-YEN: EUR/JPY staged a decent rally yesterday, fuelled by a cocktail of
positive signals re: research into Covid-19 vaccine & EU fiscal matters. The
single currency drew support from an agreement between German Cll'r Merkel and
French Pres Macron to support the creation of a debt-backed EUR500bn fund to
help the bloc face the economic crisis caused by the Covid-19 pandemic.
- Elsewhere, ECB Pres Lagarde told European newspapers that bond-buying
programmes will continue to run, despite the recent ruling of German
Constitutional Court, which gave the ECB three months to justify its QE scheme.
- The rate sits +3 pips at Y117.20. Further gains past the 50-DMA at Y117.45
would bring the key Apr 30 high of Y117.78 into view. Bears initially look for a
drop through May 14/11 lows of Y115.33/30.
- German ZEW Survey headlines regional docket today, ECB's Lane is due to speak.