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EGBs-GILTS: Gilts, BTPs Underperforming Early


Quick MNI technical

DOLLAR-YEN: Strong household spending data garnered little reaction in USD/JPY,
despite the upgrade in the government's view surrounding the space, while soft
wage data saw Japanese real earnings move back into negativity territory.
- USD/JPY last deals 15 pips higher on the session, at Y114.05, perhaps aided by
the aforementioned soft wage data.
- The pair's bullish technical picture remains intact, with bulls targeting the
November 2017 high (Y114.73), while bears need a break below the Y113.50/55
- Focus on the BOJ Rinban ops due in 20 minutes or so.
MNI London Bureau | +44 0203-865-3809 |