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EURUSD TECHS

Bear Cycle Extension

US TSY OPTIONS

30Y Put

COMMODITIES

Oil Bounces, Eyes Iran Poll and Gulf Weather

US EURODLR FUTURES

Large Red Sep'22 Sale

EQUITIES

Equities Sag as Rate Rise Fears Prompt Jitters

US EURODLR OPTIONS

Midcurve Put Sale

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A small bounce in the greenback early in Asia on Wednesday after another decline on Tuesday, AUD and NZD bother lower as a result. AUD has shed around 6 pips with focus on Westpac Consumer Confidence at the bottom of the hour, while Wage Price Index data at 02030BST/1130AEST has the potential to be a market mover.

  • NZD is around 10 pips lower, data earlier showed Q1 producer output prices rose 1.2% Q/Q, while producer input prices rose 2.1% Q/Q. Elsewhere GDT price index & whole milk powder price index both fell just 0.2% in the latest auction. It was the fourth auction which saw the index remain little changed.
  • JPY is slightly softer but more resilient than its regional peers. USD/JPY up 2 pips. NHK reported earlier that a safety lapse was found at TEPCO's Fukushima Daini plant. Markets await final March industrial output later in the session.
  • Offshore yuan is weaker, USD/CNH is up 34 pips at 6.4246, but still holding near the bottom of Tuesday's range which denoted the highest for CNH since May 11.