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AUSSIE BONDS

Flattening Extends

JPY

Liquidity Sapped By Local Holiday

AUD

AUD Edges Lower After Volatile Wednesday

JGB TECHS

(Z1) Bearish Trend Condition

AUSSIE BONDS

U.S. Tsys Help Futures To Twist Flatten Overnight

US TSYS

Post-FOMC Twist Flattening

CAD

The loonie went offered Thursday as BoC Gov Macklem expressed a sense of concern with currency appreciation, noting that "a stronger dollar creates some risk for our outlook." CAD finished the day as the worst G10 performer.

  • USD/CAD has inched higher, but yesterday's peak remains some way off. The rate trades +6 pips at C$1.2169, with bulls looking for a break above yesterday's high of C$1.2203, followed by May 4 high of C$1.2351. Conversely, bears look for a dip through May 12 low of C$1.2046.
  • CAD/JPY sits at Y89.99, just shy of neutral levels. A fall through May 11 low of Y89.36 would please bears, while bulls look for a break above May 12 cycle high of Y90.65.
  • Canadian m'fing sales & wholesale trade sales headline the local docket today.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com