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KRW

Won Rallies More than 1%

JGBS AUCTION

Japanese MOF sells Y4.7714tn 3-Month Bills:

JGBS

Long End Leads The Morning Bid

US TSYS

Very Modest Bid Seen

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Positive Feel Creeping Into Asia Trade

CROSS ASSET

Regional equity indices & U.S. e-mini futures have pushed higher, as the impact of reduced worry re: the mortality threat posed by omicron and the combination of realised/potential for further policy easing in China continues to filter through into markets. U.S. Tsys are off best levels of the session as a result, while the JPY has given back most of its early strength. The ADXY is comfortably bid, with all of the major USD/Asia EM crosses edging lower on the day as of typing.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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