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JGBS

Resilience Gives Way

JPY

Market Sentiment Provides Key Driver

JAPAN DATA

Japan Oct Household Spending Down 0.6% y/y

US TSYS

Incrementally Firmer Early On

NZD

Kiwi Kept In Check Despite Risk-On Impulse

JGB TECHS

(Z1) Strong Weekly Close

BTPS
BTPS: TECHS: (Z18) Strong Close Keeps Outlook Neutral
*RES 4: 129.97 High Jul 19 (continuation chart) 
*RES 3: 127.70 High Sep 18 
*RES 2: 125.71 Low Sep 24 now resistance 
*RES 1: 123.21 High Oct 29 
*PREVIOUS CLOSE: 121.55 
*SUP 1: 121.37 21-dma 
*SUP 2: 117.77 Low Oct 19 
*SUP 3: 113.64 Low Jan 3, 2014 (continuation chart) 
*SUP 4: 108.60 Low Apr 10, 2013 (continuation chart) 
BTP futures refuse to close below their 21-dma with yesterday's drop to as low
as 120.59 recovering at the close to keep this support level intact. Bears need
a close below the 21-dma at 121.37 to return the focus to the Oct 19 lows at
117.77, below which would open the Jan 2014 lows at 113.64 on the continuation
chart. Bulls continue to target the Oct 29 high at 123.21 to shift the outlook
positive. Above here would open the Sep 18 high.