Trial now

Cycle Highs In Sight For USD/JPY


Outlook Remains Bearish

US TSYS: T-Notes have stuck to a tight range in early Asia-Pacific dealing, with
little in the way of headline flow apparent thus far. The contract trades just
shy of settlement levels and back from Monday's highs, with focus on the broader
risk backdrop & Asian stock reaction to Monday's U.S. tech sector sell
off/corporate scandal at Nissan.
- Yields virtually unchanged, with the short end experiencing some modest
underperformance for a second consecutive Asia-Pacific session.
- The white & red Eurodollar contracts trade 0.5 to 1.5 ticks lower.
- CME's Fedwatch tool is pricing a 72% chance of a hike at the Fed's Dec
- T-Notes last 119.07+, U.S. 10-Year cash Tsy yield last 3.063%.
MNI London Bureau | +44 0203-865-3809 |