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BONDS

EGB/Gilt - Gilt outperforms

EQUITY TECHS

E-MINI S&P (Z1): Rally Extends

CORN TECHS

(H2) Still Looking For Gains

BOE APF PURCHASES

GBP1.147bln of long-dated gilts with offer-to-cover of 1.83x

AUD

Risk barometer AUD/JPY has edged higher this morning after charting a Doji candlestick on Thursday. The yen lags all of its G10 peers as we type, as e-minis have inched higher. The rate last trades +7 pips at Y83.70.

  • A clearance of Apr 2 high of Y84.49 would prompt bulls to focus on Y85.45, a cycle high printed on Mar 18. Bears look for a slide through yesterday's low/50-DMA at Y83.29/82.98 before targeting Mar 24 low of Y82.29.

Fig. 1: AUD/JPY vs. S&P 500 E-Mini Futures

Source: MNI - Market News/Bloomberg

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