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JGB TECHS

(M1) Bullish Focus

AUSSIE 10-YEAR TECHS

(M1) New Multi-Month Highs

AUSSIE 3-YEAR TECHS

(M1) Directional Triggers Intact

USDCAD TECHS

Approaching Major Support

US TSYS SUMMARY

Inflation Concerns Underpin Bear Steepening

Inside Directional Parameters

DOLLAR-YEN TECHS
  • RES 4: 108.01 2.0% Upper Bollinger Band
  • RES 3: 106.90 High Jul 24
  • RES 2: 106.54/75 1.0% 10-dma Envelope / 50-EMA
  • RES 1: 106.47 High Aug 3
  • PRICE: 105.53 @ 05:31 BST Aug 6
  • SUP 1: 105.32 Low Aug 5
  • SUP 2: 103.09 Low Mar 12
  • SUP 3: 102.02 Low Mar 10
  • SUP 4: 101.19 Low Mar 9 and major support

The pair consolidated within the recent range Wednesday (although toward the upper end). Volatility extended throughout Monday where prices spiked to 106.47, which remains the first upside target. This counters the bearish threat that had dominated since the recent breach of key supports at 106.07, Jun 23 low and 105.99, May 6 and 7 low. To the downside, 103.67 marks key support, the 76.4% retracement.

MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com