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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

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Weakness in U.S. Tsys ultimately pressured JGB futures in the final overnight trading session of last week, leaving the contract -9 come the bell. Nearing key support in the form of the Jun 17 low (151.49).

  • Local news flow continues to fixate on the upcoming LDP Party election (with reports suggesting that the first round may not result in a majority winner) and COVID (with reports pointing to all related state of emergencies being lifted come the end of this month).
  • PPI services data headlines the domestic economic docket today. Participants will also be cognisant of the proximity to tomorrow's 40-Year JGB auction, although long end demand has been relatively robust in recent sessions.