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JGB TECHS

(M2) Correction Extends

US STOCKS

Late Session Rebound

AUSSIE 10-YEAR TECHS

(M2) Corrective Cycle Remains In Play

AUSSIE 3-YEAR TECHS

(M2) Gains Still Considered Corrective

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Tepid Recovery

NZD

NZD/USD followed a similar patter to AUD but failed to recover to the same extent as its Antipodean counterpart. The pair fell as low as 0.7209 before recovering to close at 0.7239, last down 6 pips at 0.7233.

  • Data earlier in the session showed New Zealand 10-month budget deficit NZD 5.05bn, some NZD 3.57bn smaller than forecast.
  • A quiet domestic economic docket today, ANZ Commodity Price Index for May to be released at 0200BST/1100AEST.

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