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Bearish Outlook

EUROZONE T-BILL ISSUANCE

W/C July 25, 2022

JGBS

Long End Bid Dominates Tokyo Trade

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Watching The Key Support Zone

EURGBP TECHS

Approaching Key Short-Term Support

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DOLLAR-YEN
DOLLAR-YEN: Fresh wave of demand extends the recovery off European morning lows
(Y112.28) to the Y112.50/55 area. US data scheduled for release this afternoon
from mfg PMI at 1445GMT, followed by ISM mfg at 1500GMT. However, main focus
will be on the US Tax Reform vote with headlines expected after 1600GMT.

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