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AUSSIE BONDS

AUCTION PREVIEW: ACGB Nov '32 Supply Due

JAPAN DATA

Japan May CPI 0.1% Y/Y; Energy Up

US EURODLR FUTURES

EDM5 Given

CABLE
CABLE: Sterling's continued decline has got the pair looking to make a test on
the $1.38 handle which, if broken, would open up a move down toward the 61.8%
Fib level for the January rally ($1.3458-1.4345). This could provide some
support going forward but the dollar's likely to liven up the pair with just
over two hours until the Wall Street opening bell.