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Some unwind across assets going through

CROSS ASSET
  • Small pick up in Volumes on the way down in Bonds futures, as desks continue to unwind some of Yesterday's late haven bid, some squaring also likely helping, ahead of the US Data.
  • US TYM4 is sold in ~6k at the lows, FVM4 2.5k.
  • WTI is seeing similar unwind after rallying late Yesterday on Geopolitical concerns.
  • Emini and Estoxx are also seeing some underlying bids.
  • The push lower in Treasury futures, helps the USDJPY at its session high, but the pair remains well within past ranges, with the 152.00 level well defended of late.
  • Main focus is of course on the US NFP/AHE, for NFP, range is 145k/290k, median 214k, and Whisper at 233k.

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