Trial now
JGB TECHS

(U1) Tilted Higher

AUSSIE 10-YEAR TECHS

(U1) Uptrend Weakening

US TSYS SUMMARY

Bullard Kickstarts Reflation Unwind Theme

AUDUSD TECHS

Fresh 2021 Lows

Greenback Strength Extends Post-Fed

FOREX

Having been the strongest currency in G10 yesterday, the USD has added to these gains, with the USD index gaining further to rival the best levels seen in US hours Wednesday. A break above 90.131 opens January's best at 90.951 and would extend the rally from the 2021 low to near 2%. USD strength has accompanied a further pullback in stock futures, with the e-mini S&P off a further 20 points at pixel time.

EUR also trades well, bouncing further off the Wednesday lows, although EUR/GBP has stopped short of the week's best levels so far. JPY has been a notable mover, with USD/JPY breaking above downtrendline resistance to open the bull trigger at 104.40.

Currency options volumes have been particularly firm post-Fed, with an uptick in implied vols noted across the front-end of most G10 curves. Demand for KRW, JPY and AUD hedges have been the main drivers so far Thursday.

Focus Thursday turns to weekly jobless claims data, prelim German CPI numbers and advanced Q4 GDP from the US. GDP is expected to have grown at 4.2% on an annualized basis.