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EURJPY TECHS

Bounce Considered Corrective

PIPELINE

Issuance Slow-Down

USDJPY TECHS

Touches New 2021 High

MEXICO

Link to Statement and Key Passages

YEN SUMMARY
YEN SUMMARY: *Oct10 Dollar-yen open Y112.68, range Y112.60-Y112.83
*Dollar-yen opened in Asia toward the upper side of yesterday's Y112.33 to
Y112.79 range, where range-trading was the theme in holiday-thinned markets
*Tokyo-fix related demand pushed the dollar higher from Y112.65 to Y112.82.
*Post-fix the dollar eased to Y112.60, the move followed a bout of yuan
appreciation, which also saw the dollar broadly weaker against its peers 
*There are a number of option expiries for this week between Y112-Y113, the
amounts are in excess of $22 billion and maybe acting to contain the near-term
range.
*Hourly resistance from Oct6 lies at Y112.89, a break exposes Y113.00 where
supply is reported, while hourly support is located at Y112.51, a break opens
Y112.33 (Oct9 low)