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USDJPY TECHS

Testing Its 50-Day EMA

OUTLOOK

Fed Speakers Still on Tap Includes Chairman Powell

EURGBP TECHS

Corrective Bounce

NZD

NZDUSD Extends Decline To Fresh 2021 Lows

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J.P.Morgan note that Tuesday will see the Treasury "auction $60bn 2-Year notes, unchanged in size from last month. 2-Year yields have risen 13bp since the September auction. With FOMC members indicating firming inflation may be more persistent than previously expected and markets pricing in a more aggressive path for Fed tightening, we think the front end is priced for relative perfection, and expect tomorrow's auction will be digested with relative ease."