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JGBS

5-Year Supply & Kuroda Eyed

AUD

Struggles To Break 0.78 Handle

AUSSIE BONDS

Supply & Local Data Due

JPY

USD/JPY Remains Heavy

(H9) Returns to the middle.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H9) Returns to the middle of the week's range
*RES 3: 125-26+ 50% 134-07+-117-13+
*RES 2: 124-02+ Dec 29 2017 high
*RES 1: 123-08 Jan 3 high
*PRICE: 122-04+ @ 15:25 GMT, Feb 22
*SUP 1: 121-21+/02 50-dma/Jan 18 low
*SUP 2: 120-04+ Dec 12-13 lows
*SUP 3: 120-06/119-31+ 100-dma/200-dma
10-Yr futures were on the defensive from the off Friday, however much of the
momentum petered out alongside the US open, returning Treasuries to the middle
of the week's range for a relatively neutral close. With bulls and bears at an
impasse headed into the new week, the 50-dma should continue to provide firm
support, with the Jan3 high capping for now at 123-08. Bulls also target down
trendline resistance from the Jan 3 highs, with a close above 122-10 needed to
confirm a breakout.