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AUSSIE BONDS

AUCTION‌ ‌PREVIEW:‌ ACGB Nov-24 Supply Due

NZD

Kiwi Slightly Lower, Local Markets Shut

JGB TECHS

(Z1) Edging Lower

AUSSIE BONDS

RBA Guidance And Market Pricing Further Diverge

Probed Support

USDJPY TECHS
  • RES 4: 111.30 High Mar 26, 2020
  • RES 3: 110.97 High Mar 31 and the bull trigger
  • RES 2: 110.55 High Apr 6
  • RES 1: 110.33 High Jun 4
  • PRICE: 109.44 @ 06:30 BST Jun 8
  • SUP 1: 109.19/108.92 Low Jun 7 / 50-day EMA
  • SUP 2: 108.56/34 Low May 25 / Low May 7 and key S/T support
  • SUP 3: 107.48 Low Apr 23 and the bear trigger
  • SUP 4: 106.97 Low Mar 4

USDJPY traded lower yesterday extending the pullback from Monday's 110.33 high. The move lower has resulted in a print below initial key short-term support at 109.33, Jun 1 low. This dents the bullish theme and a deeper sell-off would expose 108.56, May 25 low. A recovery would instead refocus attention on 110.33 where a break would open this year's 110.97 high from Mar 31 high.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com