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JGB TECHS

(M1) Bullish Focus

AUSSIE 10-YEAR TECHS

(M1) New Multi-Month Highs

USDCAD TECHS

Clearing Major Support

AUDUSD TECHS

Sizeable Resistance Building

EURJPY TECHS

Needle Still Points North

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Eur/Usd: Asia open $1.1799, range $1.1788-1.1804. Europe open
$1.1798, range $1.1774-1.1801.
* Corrective pullback away from Thursday's high of $1.1815 saw rate open Asia
around $1.1798.
* Rate blipped up to $1.1804 in react to German press report suggesting ECB to
discuss taper at Sep meet, vote in Oct.
* Positive react didn't last long as most forecast this scenario, needing
official rubber stamp to excite. 
* Rate extended pullback to $1.1788 with recovery efforts ahead of Europe capped
at $1.1800. 
* Early Europe applied heavier downside weight which took rate to an extended
low of $1.1774.
* Bank reports suggest market long Eur/Usd ahead of Jackson Hole. Position
adjustment paring applied minor pressure.
* Eur/Usd recovered late Europe morning but resistance between $1.1800/04
countered. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com