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JGB TECHS

(Z1) Bearish Trend Condition

AUD

Finished Higher, Held Below $0.73

AUSSIE BONDS

A Little Steeper Overnight

US TSYS

Belly-Led Weakness On Monday

CABLE
CABLE: Having topped out at $1.3080, GBPUSD extends the downtrend and has
largely pared all European morning gains. A break of the Asia low ($1.3039)
opens cloud base support & the 38.2% retracement of $1.2866-1.3102 at
$1.3026/12.
- Focus turns to the BoE rate decision, press conference & inflation report. The
MPC will likely hold 9-0 again, but there has been speculation about the
possibility of a hawkish dissenter among the committee (see MNI Analysis email -
Hawkish Dissenter Possible Apr 29). There will likely be upgrades to CPI & GDP
in the inflation report.