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EURJPY TECHS

Resumes Its Downtrend

USDJPY TECHS

Testing Its 50-Day EMA

OUTLOOK

Fed Speakers Still on Tap Includes Chairman Powell

SOUTH AFRICA
  • local yields flat to lower at the open in a slight bull flattening, sustaining some of yesterday's buying momentum.
  • SA rates were the clear outperformer in yesterday's sessions as high-beta peers Turkey & Russia suffered from geopolitical and monetary policy woes.
  • 2Y yields stalled out somewhat around 5.15, while 10Y & 30Y yields continue to plumb lower towards 9.20 & 11.00 respectively.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com