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US TSYS

TYZ1 Holds Most Of Friday's Gains

RATINGS

Positive Tweaks On A Couple Of Outlooks On Friday

AUSSIE 3-YEAR TECHS

(Z1) Sell-Off Abates

NEW ZEALAND

Holiday In NZ

TRY

Another All-Time High For USD/TRY

ASIA

Coming up in the Asia-Pac session on Monday:

JGB TECHS
  • RES 3: 151.82 - 76.4% November - February Decline
  • RES 2: 151.66/71 - High Apr 23 / High Mar 5 and bull trigger
  • RES 1: 151.54 - High May 10
  • PRICE: 151.45 @ 15:27 BST May 24
  • SUP 1: 151.17 - 38.2% Feb - Apr Rally
  • SUP 2: 150.88 - Low Apr 1
  • SUP 3: 150.19 - Low Feb 26
JGB futures are consolidating and remain below the Apr 23 high of 151.66. Recent price action has worked against the multi-month uptrend and trendline support drawn off the Feb 26 low has been breached. This highlights a neutral outlook while also signalling the potential for a bearish resumption. Initial support is 151.17, a retracement where a break would strengthen a bearish case. Key resistance has been defined at 151.66/71.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com