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USDCAD TECHS

Solid Bounce

AUDUSD TECHS

Reverses In Style

EURJPY TECHS

Accelerates Off Bull Trigger

USDJPY TECHS

Still Pointing Higher

EURGBP TECHS

Bouncing Well

GBPUSD TECHS

Bulls Press Pause

JGBS
JGBS: JGB futures went into the lunch break 1 tick lower at 150.84, as the
uptick in domestic equities weighed on the space.
- Cash bonds were little changed, with the 3-Year sector underperforming for a
second consecutive day.
- As a reminder the JGB month-end extension estimate is larger than the 12-month
average, however, it is in line with last March's duration extension.
- Swap spreads were mostly wider across the curve excluding the 3-Year tenor.
- From a technical perspective Future's failure around 151.06 leaves the space
looking a little heavy. Bears need a close below 150.82 to shift focus back to
layers of support 150.55-73 where 55, 100 & 200-DMAs are located. Bulls now need
a close above 151.06 to reconfirm initial focus on 151.12-19 where the Bollinger
top, 2018 high and Nov monthly high are located.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com