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EURJPY TECHS

Pullback Considered Corrective

US TSY FUTURES

BLOCK, 10Y Buy

USDJPY TECHS

Trend Conditions Remain Bullish

FED

Reverse Repo Operation

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The Federal Reserve on Wednesday doubled the counterparty limit at its overnight reverse repo facility to USD160 billion per day as the program continues to grow.

Other parameters remain the same, including pricing remaining at 0.05%. The New York Fed said in a statement the increase "helps ensure that the ON RRP facility continues to support effective policy implementation." The Fed's ON RRP facility on Wednesday saw just under USD1.3 trillion in usage from 77 counterparties.