Trial now
JGBS AUCTION

Japanese MOF sells Y2.0685tn 5-Year JGBs:

JGBS AUCTION

Japanese MOF sells Y2.8674tn 1-Year Bills:

EQUITIES

Markets Lower

OIL

Crude Futures Extend Losses

DOLLAR-YEN
DOLLAR-YEN: The dollar opened in Asia at Y108.56 at the upper side of the
Y108.85 to Y109.60 range witnessed yesterday, where firmer UST yields encouraged
modest dollar strength. The early focus in Asia will be on Japan's CPI
(2350GMT), CPI excluding fresh food and energy, the Bank of Japan's favoured
inflation measure, is expected to rise by 0.1% in July from 0% in June.
Resistance lies at Y109.83 (Aug23 high), with supply reported between
Y109.85-Y110.00, while hourly support is noted at Y109.11. Dollar-yen was last
at Y109.54.