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Bear Threat Still Present


Late SOFR/Treasury Option Roundup


Consolidates Thursday

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The USD has largely consolidated.........>

DOLLAR-YEN: The USD has largely consolidated morning gains at the NY crossover
and holds near the upper end of its Y109.65-92 daily range. US ADP Employment
data is next up at 1215GMT (Prior 241k, median 198k). The Y110 area is expected
to provide stiff resistance, stops are reported on a break, opening Y110.23
(200-dma). Usd/Jpy last Y109.81.  

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